NZ sharemarket has its best week of 2024

Synlait gained 4.69% to 33.5c as it gets ready to repay $130 million of bank debt next week. (Image: NZME)

Fri, 12 Jul 2024

The New Zealand sharemarket recorded its best week for the year, with the retirement village operators standing out.The S&P/NZX 50 Index traded strongly from lunchtime and closed at 12,134.97, up 76.68 points or 0.64% after reaching a morning low of 11,995.95.The index rose 2.85% for the week, 3.3% for the month to date, and is now ahead more than 3% for the year.There were 100 gainers and 41 decliners amongst the 180 listed stocks, with 36.47 million shares worth $107.16m changing hands.Shane Solly, portfolio manager with Harbour Asset Man...

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