MARKET CLOSE: NZ shares rise as oil price recovery lifts investor sentiment

MARKET CLOSE: NZ shares rise as oil price recovery lifts investor sentiment
Dan Brunskill
New Zealand shares snapped a three-day decline as global oil prices stabilised and upbeat investment sentiment on Wall Street flowed through to the local market. Refining NZ bounced back from yesterday's sharp drop.  The S&P/NZX50 Index rose 28.44 points, or 0.3 percent to 10,446.11. Within the index, 35 stocks increased, 11 fell, and four were unchanged. Turnover was $144.8 million.  Investor sentiment improved after a strong lead from Wall Street where investors were buoyed by news of a US$500 billion stimulus package pushed the three b...

More Markets

Spark paving the way for margin-focused future
Markets

Spark paving the way for margin-focused future

The telco’s unexciting half-year results give a glimpse of its hopes for the future.

How Gentrack made its India expansion work
Markets

How Gentrack made its India expansion work

Gentrack boss on the importance of local leadership.

RBNZ rate call gives NZ stocks a boost
Markets Market close

RBNZ rate call gives NZ stocks a boost

The S&P/NZX50 index ended at 11,763.32, up 68.71 points or 0.59%.

Jamie Gray 28 Feb 2024
Skincare brand Me Today to sell King Honey as losses climb
Markets

Skincare brand Me Today to sell King Honey as losses climb

Former Trilogy CEO Stephen Sinclair will take the helm.

Gregor Thompson 28 Feb 2024