NZ sharemarket continues to rise

The index continued a strong recovery after rising 5.8% in July. (Image: NZME)

Thu, 01 Aug 2024

The New Zealand sharemarket traded steadily with a rise of more than 0.5% on the back of a rebound in the United States technology sector as investors there get ready for interest rate cuts.The S&P/NZX 50 Index closed at 12,487.94, up 82.67 points or 0.67% after reaching an intraday high of 12,514.06. The index continued a strong recovery after rising 5.8% in July.There were 97 gainers and 35 decliners over the whole market on volumes of 27.75 million share transactions worth $95.6m.Jeremy Sullivan, investment adviser with Hamilton Hindin G...

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