NZ sharemarket reaches 32-month high, up 1.5%

There were 85 gainers and 81 decliners over the whole market. (Image: Getty)

Thu, 12 Sep 2024

The New Zealand sharemarket rebounded 1.5% to a 32-month high, led by the increasingly influential Fisher and Paykel Healthcare – with some corporate action in minnow stocks.After a strong lead from Wall Street, the S&P/NZX 50 Index began climbing late morning and closed at 12,820.28, gaining 187.93 points or 1.49%. The index matched the levels seen in mid-January 2022.There were 85 gainers and 81 decliners over the whole market, with volumes of 32.3 million share transactions worth $126.83m.Paul Robertshawe, chief investment officer...

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