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The Reserve Bank’s decision to keep its official cash rate on hold, while also signalling a slightly lower interest rate track, gave New Zealand stocks a.
New Zealand stocks ended with a slight gain in stark contrast to major international markets, which rallied sharply on the back of an explosive earnings.
The New Zealand sharemarket calmed down and made a small gain, as blue-chip stock Ebos Group provided normal service with a solid first-half financial.
The New Zealand sharemarket went against offshore trends and fell more than a half per cent, dragged down by a clump of blue-chip stocks. The S&P/NZX 50.