Investors slumber as stocks move with no apparent rhyme nor reason

The sharemarket had a mix of winners and losers. (Image: Getty)

Tue, 27 Jun 2023

The New Zealand sharemarket slipped into a slumber on another day of light trading, with little movement among the leading stocks.The S&P/NZX 50 Index lacked real direction, bouncing up and down all day and finally closed at 11,649.2 – up 10.52 points or 0.09%. The index reached an intraday low of 11,611.04.There were 55 gainers and 70 decliners over the whole market on volumes of 26.15 million share transactions worth $96.17m.Matt Goodson, managing director of Salt Funds Management, said the market was mixed on very little corporate...

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