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.
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The New Zealand sharemarket posted its fourth gain in five trading days and was again led by heavyweight Fisher and Paykel Healthcare, attracting renewed.
The New Zealand sharemarket followed sharp falls offshore on fresh investor concerns that the sticky inflation will delay interest rate cuts. The S&P/NZX 50.
Two small cap stocks, Savor Group and NZ King Salmon Investments, staged strong earnings turnarounds but the New Zealand sharemarket remained stuck in.