Wary investors keep the NZ sharemarket flat

Apples of a technology type and the fruit featured in today's market news. (Image: Getty)

Fri, 04 Aug 2023

The New Zealand sharemarket finished the week with a very small gain, but investors are wary about the continuing rise in long-term bond yields.The S&P/NZX 50 Index’s routine didn’t surprise, falling in the morning and recovering in the afternoon to close at 11,943.2, up 6.58 points or 0.06%.The index reached an intraday low of 11,906.83 points and was flat for the week.There were 69 gainers and 55 decliners over the whole market on volumes of 25.59 million share transactions worth $90.03m.Shane Solly, portfolio manager with Har...

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