The New Zealand sharemarket closed down slightly on Tuesday as the spread of the Covid-19 Delta variant continues to worry investors. After a mixed day, the benchmark S&P/NZX 50 index closed at 12,651, down just one point or 0.01 per cent. Hamilton Hindin Green investment adviser Jeremy Sullivan said several stocks were affected by ongoing concerns about the global spread of the Delta strain. The a2 Milk Company’s share price also finished down on Tuesday as new outbreaks and lockdowns caused further disruption at ports, Sullivan said. Ahead of reporting season next month, dynamics including inflation, rising interest rates and Covid-19 would be playing on investors’ minds, Sullivan said.

Source: Stuff July 20, 2021 06:21 UTC