NZ market flattens as investors mull on data

The S&P/NZX 50 Index edged up 7.1 points, or 0.06%, to 11,221.48. (Image: Deposit photos)

Wed, 18 Oct 2023

New Zealand’s benchmark index flattened out on Wednesday after a quiet day on the market in terms of news, which gave investors more time to chew over yesterday’s consumer price inflation (CPI) data that came in much lower than expected.The S&P/NZX 50 Index edged up 7.1 points, or 0.06%, to 11,221.48. Turnover was $85.8 million. There were 62 gainers and 57 decliners on the main board.Chief investment officer Paul Robertshawe at Octagon Asset Management said Tuesday’s CPI data had been a “positive surprise”.&ld...

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