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

NZX-listed Cooks Coffee unfazed by record raw coffee prices
Retail

NZX-listed Cooks Coffee unfazed by record raw coffee prices

This year's 76% hike doesn't affect the firm's outlook, chair says.

NZ sharemarket claws back to end the week up 0.5%
Markets Market close

NZ sharemarket claws back to end the week up 0.5%

Index rumours drive prices on two shares. 

Graham Skellern 13 Dec 2024
Staff leave Meridian after retail 'reset'
Markets

Staff leave Meridian after retail 'reset'

Expect a very different approach from Meridian in 2025, executive says.

John Anthony 13 Dec 2024
NZX, NZSA want level playing field in climate reporting
Markets

NZX, NZSA want level playing field in climate reporting

Climate reporting liabilities for company directors could soon be eased.

Greg Hurrell 13 Dec 2024