Heavyweight stocks edge NZ's market down
The S&P/NZX 50 index fell 21.1 points, or 0.18%, to 11,596.03. Turnover was $111.6 million.
“People are just a little bit reluctant to chase the market higher,” Mark Lister, an investment director at Craig's IP told BusinessDesk. “People seem to be quite happy sitting on the sidelines and watching and waiting.”
“I suspect after a challenging year, investors generally are probably quite keen to put 2022 behind them.”
After a quiet week on the news front, a lot of local and international data and announcements are coming out next week, which is expected to keep the market busy as Christmas looms.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
