NZ sharemarket flat as investors await news

NZ sharemarket flat as investors await news
It seems to be a waiting game for most investors. (Image: Getty)
Graham Skellern
The New Zealand sharemarket lacked any real impetus and traded flat while waiting for the local company reporting season to heat up.The S&P/NZX 50 Index was weak in the morning but closed at 11,820.74, down 5.68 points or 0.05%, after reaching an intraday low of 11,772.85.There were 56 gainers and 69 decliners over the whole market, with 32.54 million shares worth $102.67m changing hands.Paul Robertshawe, chief investment officer with Octagon Asset Management, said it’s like the calm before the storm.“The continuous disclosure o...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024