Calm before the storm: NZ sharemarket up 0.5%

'Markets are distracted', said ForBarr's Peter Sigley. (Image: AFP)

Tue, 05 Nov 2024

The New Zealand share market rose for a second day running as markets took a deep breath in anticipation of the US presidential election. The S&P/NZX 50 Index rose 67.705 points, or 0.54%, to 12,627.01. Across the main board, 66 stocks fell, and 67 rose. Turnover reached $106.1 million, with six companies trading on volumes of more than a million shares. Forsyth Barr director of institutional equities Peter Sigley characterised the day’s trading as “fairly subdued” ahead of what is expected to be one of the clo...

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