NZ sharemarket flat ahead of weekend

NZ sharemarket flat ahead of weekend
The Huntly station has been powered up to provide an additional 638GWh because of the constrained gas market and declining hydro storage. (Image: Supplied)
Graham Skellern
The New Zealand sharemarket was rescued late in the day and finished flat after a sterling two weeks of welcome gains. There was a revival in retail stocks.After a correction on Wall Street, the S&P/NZX 50 Index had an early-morning fall. However, there was a sharp rise in the end-of-day broker matching session, and the index closed at 12,261.23, down 3.84 points or 0.03%, after reaching an intraday low of 12,224.36.The index was up nearly 1.5% for the week and has now gained more than 4.5% for the year.There were 72 gainers and 68 decliner...

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