NZ sharemarket not inspired by Briscoe's strong result

Briscoe's strong result did not lead the market higher. (Image: NZME)

Wed, 13 Mar 2024

Retailer Briscoe Group delivered the goods again and the latest United States data rekindled investor sentiment, but the New Zealand sharemarket remained uninspired.The S&P/NZX 50 Index fell to a morning low of 11,770.84 and closed at 11,809.02, down 20.15 points or 0.17%. The index has now fallen nearly 1% so far this week.There were 69 gainers and decliners over the whole market on volumes of 27.06 million share transactions worth $106.49m.Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said inflation in the US was still...

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