NZ's Heartland Group falls most in near 9 months after FY forecast cut

Heartland group

14/12/2023 01:42

** Shares of Heartland Group Holdings  HGH.NZ  fall as much
as 6.3% to NZ$1.5000; their lowest since May 17 
    ** Stock set for its biggest intraday fall since March 16,
if losses hold 
    ** Financial services firm says it experienced slower than
expected start to FY2024; cuts FY2024 NPAT forecast 
    ** More than 301,800 shares change hands, versus the 30-day
average volume of 226,122 shares
    ** Stock down ~11% this year, as of last close
     

 (Reporting by Rajasik Mukherjee)
 ((Rajasik.Mukherjee@thomsonreuters.com))