NZ shares finish flat as Sanford rises

The New Zealand sharemarket finished a choppy week on a flat note. (Image: Supplied)

Fri, 15 Nov 2024

The New Zealand sharemarket finished a choppy week on a flat note but seafood exporter Sanford rose more than 6% after providing an unexpectedly strong annual result.Undaunted by a sell-off on Wall Street, the S&P/NZX 50 Index traded reasonably steadily and closed at 12,684.88, down 8.06 points or 0.064%. The index was down nearly 0.7% for the week and is ahead 7.5% for the year.Trading was heavy for a Friday with 38.56 million shares worth $193.38m changing hands.Shane Solly, portfolio manager with Harbour Asset Management, said: &ldq...

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