Shares close unchanged; Napier Port booted from NZX 50

Fri, 03 Dec 2021

The New Zealand sharemarket was virtually unchanged on Friday with the benchmark equity index making a 0.4% gain this week despite starting it with a 1.5% fall due to omicron. The S&P/NZX 50 Index rose 6 points, or 0.1%, to 12,676.5. Turnover was $161 million.Harbour Asset Management said in a note today that the emergence of the omicron variant had reminded investors there was a way to go before conditions get back to ‘normal’.“But for those companies with pricing power and structural growth drivers, there is...

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