Serko leads the NZ sharemarket up
The S&P/NZX 50 Index had a rocky day before closing, with a late rise, at 11,957.5 – up 41.26 points or 0.35% after reaching an intraday low of 11,878.45.
There were 69 gainers and 62 decliners over the whole market on healthy volumes of 35.53 million share transactions worth $130.03m.
Mark Lister, investment director with Craigs Investment Partners, said it was difficult for the market with high inflation figures and the expectation of interest rate cuts further away.
“The short-term driver (for the market) is around the United States corporate earnings, and the Federal Reserve monetary policy decision on Thursday morning (NZ time) will be closely watched.”
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