a2 Milk rises as NZ sharemarket remains flat
The S&P/NZX 50 Index traded in a range of 11,723.62 and 11,789.07 – with a stronger performance in the afternoon – and closed at 11,767.03, down 3.72 points or 0.03%.
There were 52 gainers and 79 decliners over the whole market on improved volumes of 24.29 million share transactions worth $83.46m.
Paul Robertshawe, chief investment officer with Octagon Asset Management, said the local market reflected patchy summer trading and light volumes and was gearing up for next month’s corporate reporting season.
On Wall Street, the Dow Jones Industrial Average was down 0.62% to 37,361.12 points, the S&P 500 declined 0.37% to 4765.98, and the Nasdaq Composite decreased 0.19% to 14,944.35.
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