‘Subdued’ markets response to election result
Saturday’s election result was broadly in line with expectations but a few sectors are primed to prosper under a change of government.
The NZ sharemarket is still in a holding pattern of sorts.
The local stock market has had a tepid response to Saturday night’s election result, although the change in government is expected to benefit energy and retirement stocks in the future.
The NZX Top 50 Index opened half a percent lower this morning, largely because it was dragged down by Fletcher
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