Tower update steadies NZ sharemarket
The S&P/NZX 50 Index fluctuated between a high of 11,829.88 and low of 11,770.06 before closing at 11,785.48, down 2.08 points or 0.02%.
There were 61 gainers and 67 decliners over the whole market with 41.23 million shares worth $144.3m changing hands.
Matt Goodson, managing director of Salt Funds Management, said the local market fared better than Australia.
“We were open when they were closed for King’s Birthday (on Monday), and the Australian market was playing catch-up with the strong jobs growth and increased bond yields in the United States.
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