NZ sharemarket marks four days of rises

There were 100 gainers and 32 decliners over the whole market, (Image: Getty)

Fri, 03 Nov 2023

The re-energised New Zealand sharemarket made another significant gain on a lively day featuring a $150 million takeover offer for MHM Automation, one of the country’s oldest engineering companies.The S&P/NZX 50 Index traded steadily in the afternoon, though it did dip slightly when NZ First and its leader Winston Peters joined the coalition negotiations to form a new government following the wrap-up of special votes.The index closed at 11,118.92, up 74.48 points or 0.67% and gained 3.24% for the week after four successive days of ris...

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