NZ sharemarket flat ahead of weekend
The New Zealand sharemarket was rescued late in the day and finished flat after a sterling two weeks of welcome gains. There was a revival in retail stocks.
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The New Zealand sharemarket traded flat for most of the day, but it is on track for a healthy monthly return of more than 5%.
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The New Zealand sharemarket pushed to a 29-month high as inflation fell significantly, raising hopes that early interest rate cuts were on their way.
MORE»NZ sharemarket hits 17-month high
The New Zealand sharemarket – which has long struggled with a weakening economy and tight monetary policy – hit a 17-month high as some of the leading stocks came to the party late in the day.
MORE»NZ sharemarket flat amid international turmoil
The New Zealand sharemarket opened the week on a flat note, and heavyweight Mainfreight was pegged back on profit-taking after a strong run.
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