NZ sharemarket quiet as investors await US inflation data

NZ sharemarket quiet as investors await US inflation data
It seems investors are waiting to see what US inflation data says. (Image: Getty)
Graham Skellern
The New Zealand sharemarket posted a small gain but it still hasn’t fired up since the Easter break – and has an eye on the latest United States inflation.The S&P/NZX 50 Index traded steadily from lunchtime on light volumes and closed at 11,917.5, up 43.92 points or 0.37% after reaching a morning low of 11,863.08.There were 69 gainers and 60 decliners on the main board with 20.37 million shares worth $82.06m changing hands.Matt Goodson, managing director of Salt Funds Management, said the local market is very quiet with little i...

More Markets

Steel & Tube has ‘controlled the controllables’, CEO says
Markets

Steel & Tube has ‘controlled the controllables’, CEO says

Company's shares rose 3% immediately after guidance issued. 

Demand pricing may be coming to a movie theatre near you
Markets

Demand pricing may be coming to a movie theatre near you

NZX-listed Vista is rolling out a suite of AI innovations.

Fletcher's succession saga unsettles shareholders
Markets

Fletcher's succession saga unsettles shareholders

Building giant's existing board allegedly identified a preferred CEO candidate.

NZ sharemarket joins in on US-led rally
Markets Market Close

NZ sharemarket joins in on US-led rally

The S&P/NZX 50 index rose 1.1% to 11,872.64.

Paul McBeth 13 Jun 2024