NZ sharemarket ends week up nearly 1.8%

Trading was steady, with 31.19 million shares worth $119.43m changing hands. (Image: Getty)

Fri, 11 Oct 2024

The New Zealand sharemarket maintained a positive tone as it joined others offshore in anticipating another round of China economic stimulus. The S&P/NZX 50 Index picked up steam in the afternoon and closed at 12,845.64, up 91.06 points or 0.71%. The index gained nearly 1.8% for the week.Trading was steady, with 31.19 million shares worth $119.43m changing hands. Shane Solly, portfolio manager with Harbour Asset Management, said the local market was grinding higher “after the Reserve Bank opened the tanks and is moving with pace...

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