NZ sharemarket ends short week up 0.4%

(Image: Getty)

Fri, 07 Feb 2025

Manawa Energy plunged more than 8% on uncertainty about whether its merger with Contact will be approved, while the New Zealand sharemarket ended the shortened week with a healthy gain.The S&P/NZX 50 Index fell as low as 12,806.78 in the morning but recovered strongly to close at 12,902.19, up 57.6 points or 0.45%. The index was down 0.7% for the week and has fallen 1.6% for the year to date.Trading was solid the day after the Waitangi public holiday, with 31.93 million shares worth $130.92m changing hands. Decreased chancesManawa was...

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