NZ sharemarket closes week with near 0.5% gain

Foley Wines, which opened The Runholder in 2023, told shareholders it has made a solid start to the year. (Image: Supplied)

Graham Skellern

Fri, 18 Oct 2024

The New Zealand sharemarket ended the week with a near 0.5% gain, driven by strength in the leading energy stocks amid global index changes.The S&P/NZX 50 Index rose steadily in the afternoon and closed at 12,823.89, up 55.35 points or 0.43% after reaching an intraday low of 12,708.44.The index was flat for the week and has risen 8.8% so far this year.Friday volumes increased on S&P Global Clean Energy Index rebalancing with 45.88 million shares worth $156.29m.Meridian and Contact’s weightings on the index will be increased, and t...

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