NZ shares flat as market stabilise

Mon, 21 Mar 2022

New Zealand’s benchmark index was unchanged on Monday with investors cautiously optimistic about the prospect of peace in Ukraine and unfazed by hawkish central banks.The S&P/NZX 50 Index rose just two points to 12177.75. Turnover was $172 million.Jeffrey Halley, a market analyst at Oanda, said Asian markets were “cautiously higher this morning as the weekend produced lots of noise, but little of real actionable substance”.Stephen Innes, a managing partner at SPI Asset Management, said stabilising stock markets suggested i...

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