Market close: Dip for NZ sharemarket
The New Zealand stock exchange reported a decline as overseas markets led the way.
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The New Zealand share market had a slight bump.
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There was continued interest in Contact and Mercury ahead of an index change.
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It was a soft start to the year on worries about higher bond rates.
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But the NZX index finished the year with a gain of 11.4%.
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The index hit its highest point of the year after a late run.
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It was an up and down day for the NZ sharemarket.
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Leading gentailers Contact and Mercury kept moving in different directions.
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The New Zealand sharemarket fell more than half a per cent.
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The heavy trading in Auckland International Airport continued.
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The New Zealand sharemarket's trading line looked like a downhill ski run.
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The local index lacked any real direction.
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Chorus came out firing with a pledge to be more competitive.
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The New Zealand sharemarket fell more than 1%.
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Turners Automotive provided the local index with more confidence and strength.
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A2 Milk shares surge to help lift local market higher.
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Investors are waiting for next week's pivotal interest rate decision.
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The local market was directionless as it snapped its positive start to the week.
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The New Zealand sharemarket reached its highest level in a month.
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The local index staged a turnaround.
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Meanwhile, the post-election rally cooled in the United States.
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