NZ sharemarket makes small gain
The S&P/NZX 50 Index was down in the morning and up in the afternoon before closing at 11,832.71, up 14.8 points or 0.13% after reaching an intraday low of 11,768.7.
There were 66 gainers and 56 decliners over the whole market, with 28.54 million shares worth $110.13m changing hands.
Mark Lister, investment director with Craigs Investment Partners, said a lot is happening worldwide with central bank decisions, and markets are a little nervous.
“The main event is the US Federal Reserve (overnight), which will present a new set of economic forecasts and release its latest monetary policy decision. The markets are waiting to see when the Fed will start cutting interest rates, and they are still picking June or July,” he said.
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