NZ sharemarket edges up on end of month trading

Before a trading spike at close, the market had been “depressed”, said an analyst. (Image: File)

Wed, 31 Jul 2024

The New Zealand sharemarket made a small gain on a mixed bag of gains and losses ahead of the coming reporting season. The S&P/NZX 50 Index dipped, rose and then dipped again in a trading day characterised by a lack of discernible character. It closed at 12,405.27, up 14.22 points or 0.11%, after reaching an intraday high of 12,441.5.There were 65 gainers and 71 decliners over the whole market on volumes of 43 million share transactions worth $162.1m.Trading volumes rocketed at the end of the day to wrap up the month as traders sorted...

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