NZ sharemarket rebounding strongly

The S&P/NZX 50 Index closed at 10,850.92, up 93.23 points or 0.87%. (Image: Supplied)

Wed, 01 Nov 2023

The New Zealand sharemarket continued its rebound, with bellwether stocks Mainfreight and Freightways making ground and a softer labour market keeping a lid on inflation.The S&P/NZX 50 Index traded strongly in the afternoon after reaching a morning low of 10,725.5 and closed at 10,850.92, up 93.23 points or 0.87% – the biggest single-day rise in 10 weeks.There were 84 gainers and 45 decliners on the main board, with 26.05 million shares worth $102.92 million changing hands.The last two days of rises are a welcome relief for investors...

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