NZ sharemarket dips on low volumes as Aust market moves up on inflation news

NZ sharemarket dips on low volumes as Aust market moves up on inflation news
The Aust reserve bank held rates and equities investors cheered. (Image: Getty)
Graham Skellern
The New Zealand sharemarket retreated more than half a percent on light trading as the Reserve Bank of Australia kept its official cash rate unchanged for the second straight month.The S&P/NZX 50 Index fell at the opening and never recovered, giving up two-thirds of its gain the day before and closing at 11,980.41 – down 75.74 points or 0.63% after increasing 0.92% on Monday.There were 56 gainers and 77 decliners over the whole market, with 21.95 million shares worth $64.76m changing hands.The Australian Reserve Bank held its rate at...

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