NZX flat as major companies issue warnings

Mainfreight was among the companies warning of a slowing economy. (Image: Getty)

Thu, 27 Jul 2023

Leading stocks Mainfreight and Ryman Healthcare both sounded warnings of a slowing domestic economy and earnings growth, and the New Zealand sharemarket traded flat.The S&P/NZX 50 Index fell to an intraday low of 11,921, then recovered and traded steadily to a close of 11,954.11, up 0.625 points or 0.01%.There was an even spread of 59 gainers and 59 decliners over the whole market on improved volumes of 24.55 million share transactions worth $91.84m.Across the Tasman, the S&P/ASX 200 Index had another strong day, rising 0.78% to 7459.8...

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