NZ sharemarket boosted by energy stocks, Fletcher

Fletcher Building increased 18c or 6.36% to $3.01 after telling the market it has handed the five-star Horizon Hotel in Auckland to SkyCity Entertainment. (Image: Getty)

Graham Skellern

Mon, 01 Jul 2024

The New Zealand sharemarket began the second half of the year with a rise of more than 0.5%, boosted by the leading energy stocks and a rebound from Fletcher Building after completing a major hotel project.The S&P/NZX 50 Index traded steadily all day and closed at 11,789.39 points, up 71.95 points or 0.61%. The index was down 1% for the first half of the year.There were 66 gainers and 78 decliners on the main board, with 39.36 million shares worth $151.31m changing hands. Mark Lister, investment director with Craigs Investment Partners...

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