Shares flat as volatile prices settle

Thu, 12 Nov 2020

The New Zealand share market was flat as stock prices found a new level after a barrage of market moving news over the past 10 days. The S&P/NZX 50 Index rose 4.99 points, or 0.04 percent, to a record 12,670.62. Within the index, 28 stocks rose, 18 fell and four were unchanged. Turnover was $193.3 million.Financial markets have had sharp price movements in recent sessions driven by the prolonged US election, quickly followed by news of a viable vaccine and finally the Reserve Bank’s monetary policy statement yesterday. The N...

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