NZ sharemarket bounces around as earnings season begins

(Image: Getty)

Tue, 13 Feb 2024

The New Zealand sharemarket had a topsy-turvy day after Vulcan Steel kicked off the latest reporting season with an expected sharp fall in earnings.The S&P/NZX 50 Index had an early rise but then bounced around to close at 11,739.68, down 18.29 points or 0.16%, after reaching an intraday high of 11,763.76.There were 56 gainers and 78 decliners on the main board, with 21.87 million shares worth $80.97m changing hands.Matt Goodson, managing director of Salt Funds Management, said the local market felt heavy – more sellers than buyers &n...

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