NZ sharemarket bounces back after Fletcher Building recovery

(Image: Getty)

Fri, 16 Feb 2024

The New Zealand sharemarket bounced back with a gain of more than half a per cent, helped by a recovery in Fletcher Building and a sharp rise from utilities investor Infratil.The S&P/NZX 50 Index traded strongly in the afternoon and closed at 11,724.48, up 84.44 points or 0.73%. The index finished the week shedding nearly 1.2%.There were 85 gainers and 51 decliners over the whole market on volumes of 26.85 million share transactions worth $109.73m.Shane Solly, portfolio manager with Harbour Asset Management, said there was another twist fro...

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