NZ sharemarket treads water as US equities march up

NZ did not follow the continuing bull market in the US. (Image Getty)

Thu, 25 Jan 2024

The New Zealand sharemarket had a lacklustre day, unperturbed by the action offshore that saw computer software giant Microsoft join the elite US$3 trillion (NZ$4.9t) club.The S&P/NZX 50 Index traded flat for most of the day and then had a late rise to close at 11,889.63, up 33.02 points or 0.28%, after reaching an intraday low of 11,788.76.There were 69 gainers and 57 decliners over the whole market on volumes of 27.78 million share transactions worth $98.81m.Mark Lister, investment director with Craigs Investment Partners, said the local...

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