New Zealand sharemarket closes marginally higher on flat day

The S&P/NZX 50 Index closed marginally up on Wednesday. (Image: NZME)

Wed, 08 Jan 2025

With many investors still in holiday mode, the New Zealand sharemarket had a flat day on Wednesday, although inflation results from Australia piqued interest.The S&P/NZX 50 Index closed up 0.01% or 1.047 points to 13,043.110, with 24.8 million shares changing hands to the value of $110 million.The market was dragged down by stocks in the S&P/NZX 10 Index, which closed at 13,369, down by 0.09%. There were 59 gainers on the main board and 77 decliners.Synlait Milk reported the largest percentage rise with a 2c increase or 4.94% to 42.5c,...

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