NZ sharemarket rises ahead of interest rate decision

There were 35.03 million share transactions worth $148.06m. (Image: Getty)

Thu, 21 Nov 2024

The New Zealand sharemarket made a small gain as it waited for a pivotal interest rate decision by the Reserve Bank next week.The S&P/NZX 50 Index recovered from a morning fall and closed at 12,765.24, up 28.18 points or 0.22%. There were 35.03 million share transactions worth $148.06m.Greg Smith, head of retail with Devon Funds Management, said “globally we’ve seen more hawkish views on interest rate reductions as inflation has picked up”.“It’s taken a little bit of wind out of the sails of central banks&rsquo...

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