NZX flat as major companies issue warnings
The S&P/NZX 50 Index fell to an intraday low of 11,921, then recovered and traded steadily to a close of 11,954.11, up 0.625 points or 0.01%.
There was an even spread of 59 gainers and 59 decliners over the whole market on improved volumes of 24.55 million share transactions worth $91.84m.
Across the Tasman, the S&P/ASX 200 Index had another strong day, rising 0.78% to 7459.8 points at 6pm NZ time.
United States markets were mixed after the Federal Reserve, as expected, increased the interest rate range 25 basis points to 5.25-5.50% – the highest level in 22 years.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
