NZ sharemarket ends week up nearly 1.7%

(Image: Getty)

Fri, 08 Nov 2024

The New Zealand sharemarket shrugged off the United States tariffs concern and joined the Trump post-election rally with a 1.5% rise, driven by resurgent blue-chip stocks.The S&P/NZX 50 gained strong momentum late morning, closing at 12,770.33, up 188.95 points and bang on 1.5%. The index increased nearly 1.7% for the week and is now 8.4% ahead for the year.Trading was steady, with 29.1 million shares worth $126.05m changing hands.'Market sentiment'Matt Goodson, managing director of Salt Funds Management, said the local market's...

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