NZ shares nudge higher; ports gain ahead of Northport study

The S&P/NZX 50 Index increased 7.74 points, or 0.1 percent, to 11,291.96. Within the index, 19 stocks rose, 20 fell, and 11 were unchanged. Turnover was $119.1 million.

Equity markets across Asia were mixed as investors await the upcoming British election and ongoing trade talks between China and the US. Hong Kong’s Hang Seng was up 0.3 percent in afternoon trading, while Australia’s S&P/ASX 200 Index increased 0.6 percent, and Japan’s Nikkei 225 Index was down 0.1 percent.

Grant Williamson, a director at Hamilton Hindin Greene, said the local market was very mixed today with investors taking profits in some stocks that had had strong runs.

“Wall Street was a touch weaker and international markets are relatively mixed as well with small movements either way,” Williamson said.