New Zealand shares ended Thursday trade flat with a positive bias amid a mixed performance on Wall Street and a lack of catalyst domestically.
The S&P/NZX 50 Index was little changed at 12,765.24. The index has gained 0.6% over the past five trading days.
Technology services and consumer durables stocks were among the biggest gainers on Thursday as they rose 3.2% and 2.4%, respectively.
Trading on Wall Street was mixed overnight, with the Nasdaq Composite falling 0.1%, the Dow Jones Industrial Average up 0.3%, and the S&P 500 little changed. Tech giant Nvidia reported adjusted per-share earnings of $0.81 for the fiscal third quarter, up from $0.40 a year earlier and above FactSet's consensus of $0.70.
In domestic news, New Zealand's total credit card spending rose 1.1% month on month to NZ$4.46 billion in October, following a 0.3% decline in September, according to data from the Reserve Bank.
In corporate news, Infratil (ASX:IFT, NZE:IFT) disclosed a plan to offer six-year unsecured, unsubordinated, fixed-rate infrastructure bonds. The global infrastructure investment company's shares edged almost 1% higher at market close.
AFT Pharmaceuticals (NZE:AFT, ASX:AFP) reported a net loss after tax of NZ$2.4 million for the six months to September, compared with a net profit of NZ$1.8 million in the year-earlier period. Operating revenue, however, rose 4% to NZ$86.7 million. The company's shares gained over 4% Thursday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.