NZ investors remain wary, sharemarket ends week flat
The S&P/NZX 50 had a choppy session and closed 14.13 points or 0.12% down to 11,580.81. The index lost 1.2% for the week.
There were 64 gainers and 71 decliners on the main board with 23.36 million shares worth $99.79m changing hands.
Shane Solly, portfolio manager with Harbour Asset Management, said there was still some volatility to work through and investors were operating in a pretty fragile environment.
He said Treasury Secretary Janet Yellen clarified that the US government was prepared for additional banking deposit action if warranted. “The global banking system has a lot of band-aids on and hopefully it will settle down.
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