NZ sharemarket changes direction, up 1.1% on more positive results

The NZX perked up after a rough few days. (Image: Getty)

Wed, 26 Feb 2025

The New Zealand sharemarket bounced back with a gain of more than 1%, supported by a strong recovery in the property sector and improved company results.The S&P/NZX 50 Index began its climb at midday and closed at 12,452.46, up 145.19 points or 1.18%.Trading was solid, with 63.9 million shares worth $261.8m changing hands.'Recovery from the undue sell-off'Matt Goodson, managing director with Salt Funds Management, said the local market was aggressively sold off in the close the day before.“Half of today’s gain was the re...

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