The New Zealand share market traded in a familiar range on Wednesday in a session spiced up by national carrier Air New Zealand's NZ$1.4 billion-plus deal to buy new long-haul aircraft from Boeing.
The benchmark NZSX-50 Index closed up just 0.20 points, or 0.01 percent, at 2,597.96 - near the top of its 10-point intra-day range.
UBS head of research sales Richard Leggat said the market was quiet, with major stock Telecom dominating total volume.
Telecom mirrored the previous day's flat performance, ending steady at NZ$5.49 on turnover of NZ$39 million ($25 million) out of total market turnover of NZ$73 million.
Air New Zealand dipped a cent to NZ$0.40 when its shares resumed after saying it would acquire 10 new Boeing Co aircraft as part of a long-awaited fleet upgrade worth more than NZ$1.35 billion. It also has an option to buy a further 42 jets. The purchases will be funded through operating cash flow and bank debt and will not require a capital raising.