NZ sharemarket flat as investors await news

It seems to be a waiting game for most investors. (Image: Getty)

Tue, 15 Aug 2023

The New Zealand sharemarket lacked any real impetus and traded flat while waiting for the local company reporting season to heat up.The S&P/NZX 50 Index was weak in the morning but closed at 11,820.74, down 5.68 points or 0.05%, after reaching an intraday low of 11,772.85.There were 56 gainers and 69 decliners over the whole market, with 32.54 million shares worth $102.67m changing hands.Paul Robertshawe, chief investment officer with Octagon Asset Management, said it’s like the calm before the storm.“The continuous disclosure o...

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