NZ market enjoys positive bounce amidst volatile day

NZ market enjoys positive bounce amidst volatile day
The S&P/NZX 50 Index rose 88.3 points, or 0.8%, to 11,293.38. (Image: Getty)
Ella Somers
New Zealand’s benchmark index brightened up on Tuesday, thanks to international tailwinds pushing the NZ market higher after a volatile day of trading.The S&P/NZX 50 Index rose 88.3 points, or 0.8%, to 11,293.38. Turnover was $81.8 million. There were 77 gainers and 48 decliners on the main board.Hamilton Hindin Greene’s Grant Davies said it had been a volatile day for NZ’s market thanks to flow-through from US markets which defied predictions and turned positive overnight while the Australian market also headed into posit...

More Markets

NZ sharemarket falls 1.5% as investors look for cash
Markets Market close

NZ sharemarket falls 1.5% as investors look for cash

The S&P/NZX 50 Index closed at 12,896.67, falling 196.51 points or 1.5%.

Auckland Council sells airport stake for at least $1.31b
Markets

Auckland Council sells airport stake for at least $1.31b

Auckland Council has successfully sold all of its shares in Auckland Airport.

Being AI consultancy sale hits legal snag
Markets

Being AI consultancy sale hits legal snag

Being AI bought consultancy from its CEO for $5m in March but wants to give it back.