NZ sharemarket listless on light trade

The market was up but lacked direction. (Image: Getty)

Mon, 18 Dec 2023

The New Zealand sharemarket made a small gain but lacked real direction, while leading energy stock Mercury reached a four-month high.The S&P/NZX 50 Index was up and down for most of the day but settled later in the afternoon to close at 11,564.98, up 14.78 points or 0.13%. The index reached an intraday low of 11,508.13 points.There were 57 gainers and 84 decliners on the main board with 28.76 million shares worth $89.33 million changing hands.Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said: “The market got throu...

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