NZ sharemarket inches into positive territory on flat trading

Mainfreight was one of the few companies to attract much investor interest with turnover above $4m. (Image: Mainfreight)

Graham Skellern

Tue, 16 Jan 2024

The New Zealand sharemarket, lacking some direction, staged a late recovery and finished flat on another quiet trading day.The S&P/NZX 50 Index dipped at lunchtime when the Australian market opened weaker but rose strongly in the last half-hour matching session.The NZX index closed at 11,751.04, down 2.14 points or 0.02%, after reaching an intraday low of 11,717.97.The S&P/ASX 200 Index had fallen 1.1% to 7413.6 points at 6pm NZ time.There were 70 gainers and 58 decliners on the local market, with 15.32 million shares worth $50.95m chan...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}