Attention goes offshore as NZ sharemarket steady

Attention goes offshore as NZ sharemarket steady
Movement was light on the New Zealand sharemarket as attention turned to earnings season in the US. (Image: Getty)
Tom Raynel
The New Zealand sharemarket remained steady on Thursday as investors and analysts focused their attention on the US markets, where major companies have begun to announce new results.On the main board, the S&P/NZX 50 Index closed up 0.09% or 11.07 points, rising to 12,805.13, with 25.1 million shares changing hands to the value of $93.3m.The S&P/NZX 20 index closed at 7,499.26, up 0.07%, while the S&P/NZX 10 index ended the day at 12,527.42, rising 0.27%.There were 76 gainers on the main board and 60 decliners.CEO resignsNZX chief ex...

More Markets

RBNZ resists capital settings-research criticisms
Finance

RBNZ resists capital settings-research criticisms

The RBNZ has no intention of extending the deadline for submissions beyond Oct 3.

Warehouse chief says layoffs on table amid profit glut
Retail

Warehouse chief says layoffs on table amid profit glut

Margin pressure is compounding analyst concerns that cuts can only cut so deep.  

Fonterra takes milk off competition, market share slips
Primary Sector

Fonterra takes milk off competition, market share slips

The competition for milk, particularly in the Waikato region, is fierce.