NZ sharemarket stuck in negative territory ahead of Easter weekend
The S&P/NZX 50 Index had a topsy-turvy day, trading between 11,981.55 and 12,035.77 before closing at 12,010.66, down 21.15 points or 0.18%.
There were 73 gainers and 66 decliners over the whole market on volumes of 34.29 million share transactions worth $141.48m.
Jeremy Sullivan, investment advisor with Hamilton Hindin Greene, said it was good to see a couple of upgrades on the NZX.
“The turnarounds by Savor and NZ King Salmon will be pleasing for shareholders. Apart from the stand-outs of the two smaller caps, the market was quiet and is still looking to interest rate cuts as a key catalyst,” he said.
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