NZ sharemarket flat but more than $300m changes hands

The S&P/NZX 50 Index closed at 11,550.2, down just 2.68 points or 0.02%. (Image: Getty)

Fri, 15 Dec 2023

The New Zealand sharemarket took a pause from its six-week rally, weighed down by some profit-taking. However, the market was still heartened by the continuing fall in wholesale interest rates.The S&P/NZX 50 Index closed at 11,550.2, down just 2.68 points or 0.02% after having a late surge in the last hour. The index gained nearly 0.5% for the week and is now up 0.7% for the year to date. There were 97 gainers and 42 decliners over the whole market, with 112.61 million shares worth $320.21m changing hands. The trading session was exte...

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