Market ends on a slight upnote after week of poor results

Honey-producer Comvita rallied on news of a potential buyer.

Fri, 23 Feb 2024

New Zealand stocks ended with a slight gain in stark contrast to major international markets, which rallied sharply on the back of an explosive earnings report from US chip maker Nvidia.The S&P/NZX50 index ended at 11,719.82 up 29.57 points or a quarter of a percentage point, as a disappointing earnings season continued to weigh on the local market. There were 89 gains and 50 falls among the 183 stocks traded, on volume of 29.9 million shares (worth $129m). On Wall Street, the S&P 500 index ended up 2.1%, surpassing last week&...

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