NZ sharemarket flat amid international turmoil

There were 89 gainers and 52 decliners over the whole market. (Image: Getty)

Mon, 15 Jul 2024

The New Zealand sharemarket opened the week on a flat note, and heavyweight Mainfreight was pegged back on profit-taking after a strong run.The S&P/NZX 50 Index recovered from a morning fall to 12,043.18 and closed at 12,123.14, down 11.83 points or 0.10%.There were 89 gainers and 52 decliners over the whole market on volumes of 39.01 million share transactions worth $92.26m.Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said the profit-taking in Mainfreight and Infratil weighed the market down, with Mainfreight having ris...

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