NZ investors shrug off Reserve Bank views and a retailer's woes

The Reserve Bank's views on interest rates did not worry investors. (Image: Getty)

Tue, 30 Jan 2024

The New Zealand sharemarket, trading flat, shrugged off a Reserve Bank of NZ view that interest rates will have to stay higher for longer. However, the collapse of Godfreys will bring some uncertainty to the retail sector.The S&P/NZX 50 Index dipped in the morning to 11,863.8 but recovered well to close at 11,9144, up 2.51 points or 0.02%.There were 72 gainers and 66 decliners over the whole market on volumes of 21.85 million share transactions worth $95.98 million. Auckland International Airport was down 14c to $8.45 on trade worth $26.82m...

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