NZX50 rises as consumer confidence remains poor

NZX50 rises slightly as consumers warn about a lack of spending. (Image: Getty)

Tue, 20 Jun 2023

New Zealand's share market managed to edge up on Tuesday with a lack of market leads with US markets closed for the Juneteenth holiday.The S&P/NZX 50 Index rose 38.6 points, or 0.3%, to 11,789.370. Turnover on the entire market was $129.8 million with 68 stocks rising and 52 falling.The latest data pointed to continued brakes being put on economic growth with the quarterly Westpac McDermott Miller Consumer Confidence index indicating NZ households will pull back on spending in the coming months. The index rose 5.4 points in the June qua...

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