Australian inflation fell more than expected and its sharemarket hit an all-time high. But the New Zealand bourse ignored all that action and declined nearly.
The New Zealand sharemarket rebounded 1 per cent, fuelled by strong performances offshore with Wall Street at the centre of action in a bull run. The S&P/NZX.
The New Zealand sharemarket, giving up more than a half per cent, had its fourth down day in a row – accompanied with another earnings warning, this time.
The New Zealand sharemarket was still in holiday mode, starting the new week when offices are reopening on lighter than normal trading and a fall of more.
The New Zealand sharemarket slipped nearly half a per cent in a day of volatility and intrigue, with two takeover moves and a significant shareholding.