The NZ sharemarket ends week with fall of 0.6%

(Image: Getty)

Fri, 09 Feb 2024

The New Zealand sharemarket was rattled by the suggestion from ANZ that the Reserve Bank of NZ could still hike the official cash rate twice this year.The S&P/NZX 50 Index had a late rise after reaching an intraday low of 11,782.24 and closed at 11,862.95, down 9.37 points or 0.08%. The index finished the shortened week with a fall of nearly 0.6%, but it is still ahead more than 0.5% for the year-to-date.There were 57 gainers and 69 decliners over the whole market on volumes of 21.83 million transactions worth $89.51 million.OCR increa...

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