NZ sharemarket rises as investors return to blue-chip stocks

The major United States and Australian indices were flat. (Image: Getty)

Thu, 03 Oct 2024

The mood of the New Zealand sharemarket improved with investors back buying blue-chip stocks and Hallenstein Glasson reaching a three-year high.The S&P/NZX 50 Index increased 120.97 points or 0.97% to 12,572.66 while the major United States and Australian indices were flat and the Chinese – recently boosted by an economic stimulus – were closed for the Golden Week public holiday.Trading was lower in the school holidays with 31.64 million share transactions worth $118.37m.David McConnochie, investment adviser with Forsyth Barr, s...

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