NZ shares finish the week reasonably unscathed despite Trump's gyrations

The New Zealand sharemarket finished a tumultuous week with a fall of nearly 1.5% but it came away reasonably unscathed from the gyrations offshore.

After another down day on Wall Street, the S&P/NZX 50 Index opened lower and then traded steadily to close at 12,019.13, down 182.3 points or 1.49%.

Volumes were lighter with 26.7 million shares worth $104.55m changing hands.

With daily swings of minus 3.68% and plus $3.34%, the index ended the week with a decline of more than 1.5% and has now fallen nearly 8.4% for the year.

Since President ...MORE»

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Volatility and Illiquidity to become KiwiSaver norm

Advisers will need to do plenty of client hand-holding as balances increasingly battle volatility and managers delve into more illiquid assets, according to research house Morningstar.

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Volatility and Illiquidity to become KiwiSaver norm

Advisers will need to do plenty of client hand-holding as balances increasingly battle volatility and managers delve into more illiquid assets, according to research house Morningstar. MORE»