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The Markets

NZ50 ends the week on a flat note

Friday 28th of July 2023

The S&P/NZX 50 Index traded in a narrow range and closed at 11,946.74, down 7.37 points or 0.06%. The index also finished flat for the week and is up 4.1% for the year.

There were 62 gainers and 64 decliners on the main board, with 25.31 million shares worth $86.43 changing hands.

Wall Street and the Australian market were both down, and the Dow Jones Industrial Average Index, established in 1896, just missed a unique milestone after falling 0.67% to 35,282.72 points.

The Dow Jones had risen on 13 successive days, and just one more would have tied the longest winning streak since 1897. The S&P 500 was down 0.64% to 4537.41 points, and Nasdaq Composite declined 0.55% to 14,050.11.

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