The New Zealand sharemarket slipped in early trading as leading stock Fletcher Building continued its decline of recent days, falling back to levels of a month ago.
Fletcher Building shares were down 3c early to $7.97, following a 15c fall yesterday and after having topped $8.50 at the start of October.
Another leading share, Contact Energy, was also down early, but its share price has generally trended upwards since slipping below $5.70 in late September.
A few minutes after the market opened, Contact was down 2c to $6.03.
Around 10.15am the benchmark NZX-50 index was down 2.57 points to 3166.9, having slipped 9.4 points yesterday.
Other shares to slip early today …
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