NZ shares flat ahead of Reserve Bank rate decision

NZ shares flat ahead of Reserve Bank rate decision
The NZX50 went sideways on Tuesday as investors wait to hear what Reserve Bank boss Adrian Orr has to say. (Image: Getty)
Graham Skellern
The New Zealand sharemarket lacked direction ahead of the Reserve Bank’s latest monetary review while shares bounced back offshore.With a rebound on Wall Street, the S&P/NZX 50 Index had an early morning rise but soon went downwards until it was pulled back in a late surge.The index closed flat at 11,909.81, down 2.92 points or 0.02%, after hitting an intraday low of 11,859.93 points and high of 11,926.7.There were 74 gainers and 50 decliners over the whole market, on volumes of 33.18 million share transactions worth $133.92m.Matt Goo...

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