NZ sharemarket breaks seven days of declines

The NZ market followed Wall St's lead. (Image: Getty)

Tue, 31 Oct 2023

The New Zealand sharemarket had a welcome gain as stocks on Wall Street rebounded strongly, and business confidence picked up locally.The S&P/NZX 50 Index did have a late fall and closed at 10,757.69, up 16.12 points or 0.15% and stemming seven successive days of falls.The index had fallen into correction territory, declining more than 10% from the July 31 high of 12,056.15. The market is down 6.1% for the year to date.There were 63 gainers and 71 decliners over the whole market on improved volumes of 31.11 million share transactions worth...

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