NZ sharemarket down slightly

There were 68 gainers and 72 decliners over the whole market. (Image: Getty)

Tue, 07 May 2024

The New Zealand sharemarket was down slightly, while investors across the Tasman were inspired by the Reserve Bank’s move to keep interest rates on hold.The S&P/NZX 50 Index closed at 11,800.78, down 20 points or 0.17% after reaching an intraday high of 11,840.89.There were 68 gainers and 72 decliners over the whole market on volumes of 35.14 million share transactions worth $115.75m.The Reserve Bank of Australia (RBA) kept the official cash rate (OCR) at a 12-year high of 4.35% and said inflation continued to moderate but was declini...

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