NZ shares flat ahead of Reserve Bank rate decision

NZ shares flat ahead of Reserve Bank rate decision
The NZX50 went sideways on Tuesday as investors wait to hear what Reserve Bank boss Adrian Orr has to say. (Image: Getty)
Graham Skellern
The New Zealand sharemarket lacked direction ahead of the Reserve Bank’s latest monetary review while shares bounced back offshore.With a rebound on Wall Street, the S&P/NZX 50 Index had an early morning rise but soon went downwards until it was pulled back in a late surge.The index closed flat at 11,909.81, down 2.92 points or 0.02%, after hitting an intraday low of 11,859.93 points and high of 11,926.7.There were 74 gainers and 50 decliners over the whole market, on volumes of 33.18 million share transactions worth $133.92m.Matt Goo...

More Markets

Scott Tech lands two new deals worth $19m
Markets

Scott Tech lands two new deals worth $19m

Scott has a new deal with existing customer Danone and has nabbed a new UK customer.

Being AI sues investment bank for defamation
Markets

Being AI sues investment bank for defamation

Chair Sean Joyce says the bank has doubled down on highly defamatory allegations.

NZ sharemarket boosted by energy stocks, Fletcher
Markets Market close

NZ sharemarket boosted by energy stocks, Fletcher

The S&P/NZX 50 Index closed at 11,789.39 points, up 71.95 points or 0.61%.

Graham Skellern 01 Jul 2024
Rakon investor raises issues over failed bid
Markets

Rakon investor raises issues over failed bid

Minority investor Mike Daniel has raised fresh questions about a $400 million bid that was ultimately snubbed by Rakon’s board.The NZ Shareholders Association (NZSA) shares Daniel’s disappointment that millions were spent on takeover talks with nothing to show, but also offered s...

Staff reporters 01 Jul 2024