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

Tue, 11 Jul 2023

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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