OVERVIEW
• GDT down but not as much as expected
• WMP futures weak prior to GDT
• NZX Futures expiries – August
COMMENTARY
GDT declined but not by as much as expected given WMP rose. The Index was down 0.2%. WMP was up 2.1%. SMP down 0.3%. BUT down 3.4%. AMF down 3.7%.
WMP futures were weak prior to GDT on reasonable volume. August was up $5 on 390 lots to $3005. September was down $35 on 300 lots to $2930. October was down $40 on 200 lots to $2910. November was down $20 on 102 lots…
