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New Zealand sharemarket runs out of puff - Market close

An uncertain New Zealand sharemarket ran out of puff and finished lower after five consecutive days of heady rises. The S&P/NZX 50 Index had another...

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Market close: NZ sharemarket 'treading water' as it awaits company results

Market close: NZ sharemarket 'treading water' as it awaits company results
30 Apr, 2021 05:54 AM
4 minutes to read
The NZ sharemarket edged ahead to end the week. Photo / File
NZ Herald
By: Graham Skellern
The New Zealand sharemarket ended the week on a quiet note and a small gain, with one fund managing saying "it is treading water awaiting the latest mini-reporting season."
The S&P/NZX 50 Index edged ahead
15.92 points or 0.13 per cent to 12,731.13, after falling to an intraday low of 12,661.10. There were 66 gainers and 73 decliners over the whole market, with 56.54 million shares worth $192.11 million changing hands.
Matt Goodson, managing director of Salt Funds Management, said the market has been very quiet. "One concern is that New Zealand could see high inflation measurements here and overseas over the next several months, with price increases all over the place.

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