NZ sharemarket flat amid Tourism Holdings trading halt

(Image: Supplied)

Thu, 02 May 2024

The New Zealand sharemarket finished a quiet day flat, with Tourism Holdings going into a trading halt to finalise an expected earnings downgrade.After a mixed day on Wall Street, following the latest Federal Reserve moves, the S&P/NZX 50 Index closed at 11,874.04, up 6.46 points or 0.05%.There were 59 gainers and 79 decliners over the whole market, with 33.1 million shares worth $98m changing hands.A volatile dayThe US Federal Reserve kept its cash rate on hold and is slowing the pace of its quantitative tightening programme. The Fed...

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