NZ sharemarket lifts after positive news from the US

NZ sharemarket lifts after positive news from the US
The NZ sharemarket followed Wall Street today. (Image: Getty)
Graham Skellern
Spurred by Wall Street, the New Zealand sharemarket rebounded nearly one percent, and Hallenstein Glasson reached a 12-month high on the likelihood that it will be included in the NZX top 50.After two down days, the S&P/NZX 50 Index ended the week with a gain of 101.62 points or 0.85% to 12,019.84. The index has now risen 4.6% for the year so far.There were 85 gainers and 45 decliners over the whole market on improved volume of 49.31 million shares worth $157.91m.Clothing retailer Hallenstein Glasson surged 41c or 7.02% to $6.25 - it was at...

More Markets

NZ sharemaket up 0.1% despite 'volatile' markets
Markets Market Close

NZ sharemaket up 0.1% despite 'volatile' markets

The S&P/NZX 50 Index closed at 12,338.57, up 18.38 points or 0.15%.

NZX-listed companies take stock in wake of US tariff moves
Economy

NZX-listed companies take stock in wake of US tariff moves

Wine makers, manufacturers and others mull what trade wars will bring.

Analysts struggle to find upside from Trump tariffs
Economy

Analysts struggle to find upside from Trump tariffs

‘They've forgotten the lessons of the Great Depression,’ one analyst said.