NZ sharemarket bounces back 0.5% on Middle East hopes

There were 73 gainers and 65 decliners over the whole market. (Image: NZME)

Mon, 22 Apr 2024

The New Zealand sharemarket posted a solid 0.5% gain, joining other regional sharemarkets in bouncing back as tension between Iran and Israel appeared to ease,The S&P/NZX 50 Index turned around at lunchtime after reaching a morning low of 11,731.04 and closed at 11,852.8, up 56.58 points or 0.48%.There were 73 gainers and 65 decliners over the whole market on light trading of 21.31 million share transactions worth $67.84m.Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said the local market opened weaker following “so...

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