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...

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