NZ sharemarket electrified by Mercury to 0.9% rise

Gloomy Treasury forecasts did not deter investors. (Image: Getty)

Tue, 17 Dec 2024

A strong bounce from Mercury Energy helped push the New Zealand sharemarket to a near 1% gain – its third successive rise as it closes in on double-digit growth this year.While the Government was detailing a bleaker financial outlook, the S&P/NZX 50 Index traded strongly in the afternoon and closed at 12,914.3, up 116.97 points or 0.91%, after reaching a morning low of 12,726.24.The index has climbed 9.65% this year. There was also a late surge in trading, with 40.86 million shares worth $183.85m changing hands.HYEFUThe market sh...

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