NZ market noticeably quieter as earnings season ends

The S&P/NZX 50 index edged up slightly by 24.5 points, or 0.2%, to 11,900.86. Turnover was $112.7 million.

Octagon Asset Management's chief investment officer, Paul Robertshawe, told BusinessDesk that NZ’s market had been noticeably quieter today as the earnings season came to a close.

An offshore flow into the index had also helped keep things a bit busier over the past few days but that appeared to be dropping off slightly today, he said.

Heavyweight stocks that were down today included the banks ANZ Group, which was down 2.8% to $25.91, and Westpac Bank, which fell 5% to $23.45.