Air NZ retains altitude as investor buy into raise
New Zealand's benchmark share index followed a generally weak global trend and declined slightly on Friday but will finish both the week and the month virtually unchanged.
The S&P/NZX 50 Index fell 20.8 points, or 0.2%, to 12,089.43, today. Turnover was $111 million.
CMC Market’s analyst Tina Teng said Asia markets were set to open lower this morning as Wall Street continued to lose ground overnight with investors concerned about a broad economic slowdown.
The NZ market fell sharply at the start of the year but has been bouncing back and forth since – down 0.1% in the past month, up 0.2% in the past week – despite some substantial market news.
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