NZ shares flat as recession risk puts investors off trading

Fisher & Paykel Healthcare was up 2%. (Image: F&P)

Mon, 20 Jun 2022

New Zealand's sharemarket was flat on Monday with very light volume traded through the market as US markets closed tonight for the Juneteenth holiday. The S&P/NZX 50 Index fell just one single point to 10,588.21. Turnover was $84 million.US markets were mixed on Friday, with the S&P 500 making a small gain, while the Dow Jones declined slightly.Recession risks remain top of mind for investors who are watching to see if central bankers are able to rein in inflation without causing an extended downturn.The local share market is d...

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