NZ sharemarket lifts on economic data

Fletcher Building's woes were a drag on a rising sharemarket. (Image: Getty)

Wed, 07 Feb 2024

New Zealand’s sharemarket rose with investors inspired by two sets of economic data showing a resilient labour market and fast-improving dairy prices.The S&P/NZX 50 Index went as low as 11,867 in the morning, but at noon after the release of the latest employment numbers, the index climbed steadily to close at 11,952.17 up 23.47 points or 0.2%.There were 59 gainers and 70 decliners over the whole market on increased volumes of 34.7 million share transactions worth $149.32m.Unemployment in the December quarter increased 4% from the pre...

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