NZ sharemarket closes the week flat

NZ sharemarket closes the week flat
The NZ sharemarket is still grappling with a slowing economy. (Image: Getty)
Graham Skellern
The New Zealand sharemarket closed the week flat as it grappled with a slowing economy and a further earnings downgrade, this time from SkyCity.The S&P/NZX50 Index recovered admirably from its intraday low of 11,408.25 and finished at 11,495.64, down 0.97 points or 0.01%. The index is still 0.3% ahead for the year after gaining 1% this week.There were 57 gainers and 61 decliners over the whole market, with rebalancing in the FTSE and NZX indices creating some volatility before next Friday's deadline. A total of 25.85 million shares wort...

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