New Zealand shares joined a global rally, with record fourth-quarter sales at Summerset Group buoying fellow retirement village stocks. The S&P/NZX 50 Index.
New Zealand shares fell for a second day in quiet trading as the few investors returning to week pondered how quickly central banks will cut interest rates..
The New Zealand sharemarket ended its first abbreviated week of trading on a down note as the summer holidays kept trading thin. The benchmark S&P/NZX 50.
The New Zealand sharemarket started the year on the back foot, taking its lead from offshore where Wall Street stocks suffered a technology-led hangover.
The New Zealand sharemarket is almost certain to finish the year in positive territory after gaining more than half a per cent as investors searched out.