Comvita a sweet spot in otherwise dull NZ sharemarket

Comvita announced an arrangement with a Chinese customer. (Image: Comvita)

Mon, 03 Jul 2023

The New Zealand sharemarket traded flat on the first day of the school holidays, but Comvita jumped more than 4% after making use of the prime minister’s visit to China by signing a new supply agreement.The S&P/NZX 50 Index lacked any real direction and traded in a range of 11,874.74 and 11,918.67 before closing at 11,916.87, down just 0.4 points and with no movement percentage-wise.Trading was light and quiet, with 28.18 million shares worth $88.23m changing hands, and there were 60 gainers and 69 decliners on the main board.Matt Goo...

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