The Markets

NZ market perks up as Australia's central bank holds rates

Tuesday 4th of April 2023

The S&P/NZX 50 Index was trading flat before the Australian bank announced it was holding the cash rate at 3.6% after 10 consecutive rises from 0.1%.

The index closed at the day’s high of 11,898.56, up 59.77 points or 0.5%, after touching a morning low of 11,783.52. There was a turnaround at lunchtime, as well as at the end of trading. 

There were 72 gainers and 5...

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