NZ sharemarket lifts into positive territory for the year

The New Zealand sharemarket burst into positive territory for the year with a late rise, while the country’s biggest company, Fonterra, provided an encouraging trading update.The S&P/NZX 50 Index lacked commitment for most of the day, bouncing up and down. But in the last 45 minutes of trading, the index staged a half percent turnaround and closed at 11,496.61, up 33.12 points or 0.29%.It meant the index had made a small 0.2% gain for the year to date after starting the week 0.9% behind. The day before, the NZ market followed Australi...