NZ sharemarket treads water as US equities march up

NZ sharemarket treads water as US equities march up
NZ did not follow the continuing bull market in the US. (Image Getty)
Graham Skellern
The New Zealand sharemarket had a lacklustre day, unperturbed by the action offshore that saw computer software giant Microsoft join the elite US$3 trillion (NZ$4.9t) club.The S&P/NZX 50 Index traded flat for most of the day and then had a late rise to close at 11,889.63, up 33.02 points or 0.28%, after reaching an intraday low of 11,788.76.There were 69 gainers and 57 decliners over the whole market on volumes of 27.78 million share transactions worth $98.81m.Mark Lister, investment director with Craigs Investment Partners, said the local...

More Markets

NZ sharemarket rises strongly on power company gains
Markets Market Close

NZ sharemarket rises strongly on power company gains

Positive day for Mercury and Meridian as well as a2 Milk despite gloom on global front. 

Why MCK’s failed takeover lost Sharesies a customer
Markets

Why MCK’s failed takeover lost Sharesies a customer

This former Sharesies user made bank on MCK, but is leaving the platform anyway.

Analysts eye upside in property sector as values stabilise
Property

Analysts eye upside in property sector as values stabilise

On average, listed property companies are trading at a 22% discount to NTA.

Inside Ebos’s ‘revolutionary’ $1.1 billion deal
Markets

Inside Ebos’s ‘revolutionary’ $1.1 billion deal

In 2013, Ebos swallowed a giant. Now it’s the end of an era.