NZ's sharemarket up while Australia's takes a dive

NZ's sharemarket up while Australia's takes a dive
(Image: Getty)
Graham Skellern
The New Zealand sharemarket went up while its counterpart across the Tasman dived on the shock move by the Reserve Bank of Australia to further increase interest rates.After trading flat for most of the day, the S&P/NZX 50 Index suddenly turned and closed at 12,037.81, up 34.84 points or 0.29%.There were 62 gainers and 69 decliners over the whole market, with 35.9 million shares worth $107.07m changing hands.The S&P/ASX 200 Index had fallen 0.86% to 7271.2 points (at 6pm NZ time) after the Reserve Bank of Australia (RBA) increased its c...

More Markets

NZ sharemarket flat despite export growth
Markets Market close

NZ sharemarket flat despite export growth

The NZ sharemarket dipped as Fletcher Building shares fell further.

FMA to focus on private market offers
Markets

FMA to focus on private market offers

The FMA is worried about unsophisticated investors taking the bait.

Xero splashes $4.1b for 'step-change' US acquisition
Markets

Xero splashes $4.1b for 'step-change' US acquisition

Buying Melio gives Xero a leg-up in the crucial US SME market.

Chorus broadband expansion makes priority list
Infrastructure

Chorus broadband expansion makes priority list

Chorus claims $17 billion NZ Inc gain for a $3b spend.