Two small cap stocks, Savor Group and NZ King Salmon Investments, staged strong earnings turnarounds but the New Zealand sharemarket remained stuck in.
The New Zealand sharemarket settled back into steady trading following the large volumes and sharp price movements the day before, which included index.
Fletcher Building’s $120 million half-year loss and executive resignations sent the New Zealand sharemarket into a spin, posting a fall of more than half a.
Global marketer a2 Milk increased nearly 4 per cent on the back of a slowing birth rate in its crucial Chinese market as the New Zealand sharemarket finished.
Retirement village operator Summerset Group, gaining nearly 3 per cent, led the way as the New Zealand sharemarket made a late turnaround. A choppy S&P/NZX.