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...

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