NZ sharemarket rises, aided by speculation of Fletcher sale

NZ sharemarket rises, aided by speculation of Fletcher sale
(Image: Getty)
Gregor Thompson
The New Zealand sharemarket had its second positive day on the trot on Thursday as shares were buoyed by favourable corporate earnings and speculation about a Fletcher buyout à la française.The S&P/NZX 50 Index closed at 11,690.25, up 99.83 points or 0.86%.There were 84 gainers and 55 decliners over the whole market on volumes of 27 million share transactions worth $99.4 million.Speaking to BusinessDesk Thursday afternoon, Hobson Wealth director Brad Gordon said there was improved sentiment coming back into the market."We...

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