NZ sharemarket gains over 0.5% as inflation falls

There were 55 gainers and 87 decliners over the whole market. (Image: Getty)

Wed, 17 Apr 2024

The New Zealand sharemarket staged a strong turnaround, gaining more than 0.5%, as inflation continues to fall – though in some areas, it remains sticky.The S&P/NZX 50 Index powered ahead in the afternoon and closed at 11,875.35, up 70.51 points or 0.6% after reaching an intraday low of 11,762.28. The index fell nearly 1% the day before. There were 55 gainers and 87 decliners over the whole market on volumes of 22.72 million share transactions worth $102.24m.The March quarter consumers price index increased by 0.6%, and annual in...

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