NZ sharemarket returns to gaining ways

Mainfreight led the sharemarket up. (Image: Mainfreight)

Thu, 09 Nov 2023

The New Zealand sharemarket got back on a winning run – driven by a surge of more than 9% from Mainfreight on its better-than-expected half-year financial result.The S&P/NZX 50 Index fell to an intraday low of 11,113.18 but rebounded strongly in the afternoon to close at 11,197.66, up 46.36 points or 0.42%.There were 82 gainers and 44 decliners over the whole market on volumes of 26.76 million share transactions worth $80.97m.Mainfreight jumped $5.22 or 9.06% to $62.81 after reporting a 21.6% decline in half-year revenue to $2.36...

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