Flat day for the NZX50 as negative year beckons

Thu, 23 Dec 2021

New Zealand’s sharemarket is petering out in the run-up to the Christmas break and faces its first negative year in a decade as investors continue to grapple with the latest twists and turns of the covid-19 pandemic.The S&P/NZX 50 Index ended the day largely flat, down 2.51 points, or 0.02%, at 12,862.71. Turnover was relatively quiet at $105.8 million across the main board as trading desks wind down for the Christmas break.In late trading Thursday, the NZX50 was still down 1.45% for the year and “we need a few good days to get...

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