The Markets

Stock investors wait on monetary policy decisions

Tuesday 23rd of May 2023

The S&P/NZX 50 Index had a soft afternoon and fell 48.8 points or 0.41% to 11,944.2 as it waited for the Reserve Bank monetary policy statement, with an expected 25 basis points increase in the Official Cash Rate to 5.5%.

There were 69 gainers and 58 decliners over the whole market on volume of 26.63 million shares worth $119.84m.

Jeremy Sullivan, investment advisor with Ham...

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