NZ sharemarket rises for the first time this month

There was light trading, with 21.58 million shares worth $72.35m changing hands. (Image: Getty)

Wed, 10 Apr 2024

The New Zealand sharemarket rose for the first time in more than a week on the back of renewed broker confidence in Fisher and Paykel Healthcare and a Reserve Bank signal that inflation is being tamed.The S&P/NZX 500 Index gained momentum at lunchtime and closed at 11,971.92, up 55.14 points or 0.46% after reaching an intraday low of 11,868.47. Its previous rise was 0.79% on March 28.There were 68 gainers and 61 decliners over the whole market on light trading of 21.58 million shares worth $72.35 million.Greg Smith, head of retail with Devo...

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