NZ sharemarket ends week up 2.2%

NZ sharemarket ends week up 2.2%
(Image: Getty)
Graham Skellern
The New Zealand sharemarket surged to its highest close this year after having its sixth gain in seven trading days on increased confidence offshore.With Wall Street having a strong rebound, the S&P/NZX 50 Index kicked on and closed at 13,223.53, up 90.32 points or 0.69%.There were 97 gainers and 43 decliners on volumes of 32.4 million share transactions worth $124.4m following the placement of $140m worth of Vista Group shares.ACC bought 3.85m shares at a cost of $11.84m for a 5% stake in Vista, which was up 11c or 3.63% to $3.14...

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