NZ sharemarket adrift and directionless

Investors kept their money in their pocket. (Image: Getty)

Thu, 23 Nov 2023

The New Zealand sharemarket continued to drift on light trading as the latest earnings results failed to inspire investors.In another topsy-turvy day, the S&P/NZX 50 Index had a late surge and closed at 11,187.5, up 17.72 points or 0.16%, following an intraday low of 11,133.8.There were 69 gainers and 60 decliners on the main board, with 25.36 million shares worth $88.74m changing hands.In the United States, the major indices resumed their climb, with the Dow Jones Industrial Average up 0.53% to 35,273.03 points; the S&P 500 gained 0.41...

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