NZ sharemarket firms ahead of mini-budget and economic update

Finance minister Nicola Willis will reveal her 'mini budget' tomorrow. (Image: BusinessDesk)

Tue, 19 Dec 2023

The New Zealand sharemarket had a late spurt of nearly half a percent, and investors are holding their breath over whether the index will hold onto its hard-earned gain for the year.The S&P/NZX 50 Index had a solid afternoon after an early-morning fall and closed at 11,617.37, up 52.39 points or 0.45%. The index reached an intraday low of 11,492.62 points and has gained nearly 1.3% for the year with a week of trading remaining.There were 70 gainers and 59 decliners over the whole market on volumes of 34.49 million share transactions worth $...

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