NZ sharemarket 'lacklustre' as earning seasons closes out
The S&P/NZX 50 Index closed at 11,741.47, down 21.85 points or 0.19%. There were 59 gainers and 75 decliners over the whole market with 345.8 million share transactions worth $597.6m.
“Markets have been a little bit mixed in Asia in general, and we [New Zealand] are trading to the downside,” Craigs Investment Partners investment adviser Peter McIntyre said.
“Performance has been lacklustre,” he added. “Today was sort of a continuation of the recent weakness we've had in our market because, you know, we're trading down 1.3% this month.”
However, the day was not all doom and gloom.
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