NZ sharemarket up slightly ahead of ‘wait-and-see' US election

Markets in ‘wait-and-see' mode ahead of US election, Craigs' Mohandeep Singh said. (Image: NZME)

Mon, 04 Nov 2024

The New Zealand sharemarket had a quiet start to the week as traders paused their bets ahead of the US election.The S&P/NZX 50 Index fell promptly out the gates before climbing and then steadying throughout the day to close at 12,590.6, up 31.32 points or 0.25%. Trading was relatively light, with 27.9 million shares worth $100.1m changing hands. Monday’s slow trading comes after the index fell 1.7% last week. 'A wait and see'Mohandeep Singh, portfolio manager at Craigs Investment Partners, said the market is ant...

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