NZX dips despite US tech rally

The New Zealand sharemarket still has the holiday feeling with 22.5 million shares worth $111.65m changing hands today. (Image: Getty)

Graham Skellern

Tue, 07 Jan 2025

The New Zealand sharemarket drifted on quiet trading despite a rally offshore, especially among the technology stocks in the United States.The S&P/NZX 50 Index ranged between 13,000.97 and 13,087.9 before closing at 13,042.06, down 30.87 points or 0.24%.The market still has the holiday feeling with 22.5 million shares worth $111.65m changing hands.Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said “the foot is still off the gas and we should resume normal business next week".He said there was some rhetoric the...

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