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Australia: Shares end flat, NZ hits another record

Tuesday, March 22, 2016 - 14:39

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[MELBOURNE] Australian shares finished flat on Tuesday with Wall Street offering no lead and bulls chastened by the repeated failure to break major chart resistance in the past week.

The S&P/ASX 200 index finished at 5,166 points at the close of trade. It fell 0.3 per cent on Monday.

New Zealand's benchmark S&P/NZX 50 index hit a record high and closed up 0.3 per cent or 22.3 points to finish the session at 6,664.25.

The index hit a record high of 6,664.26 as yield-hungry investors continued to shift funds out of bank deposits amid New Zealand's record low interest rates.

REUTERS

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