The New Zealand sharemarket fell sharply and then recovered its nerve after the Reserve Bank dashed hopes of an early cut to interest rates. The S&P/NZX 50.
Strong earnings results from Infratil and Turners Automotive, reporting a record year, could not stem a half a per cent fall on the New Zealand sharemarket..
A surging Gentrack gave the New Zealand sharemarket and the company reporting season a positive tone with strong revenue growth and an earnings upgrade..
Recent corporate earnings downgrades have highlighted just how badly the economy is faring, but some optimism has nevertheless emerged that the bad news is.
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