NZ sharemarket rises on back of positive news

NZ sharemarket rises on back of positive news
The NZ sharemarket rose to its highest close in nearly two years and posted the biggest single-day gain in six weeks. (Image: Getty)
Graham Skellern
An upbeat a2 Milk, providing an earnings upgrade and a welcome dividend, spurred the New Zealand sharemarket to its highest close in nearly two years.The S&P/NZX 50 Index began a steep climb at midday and broke through the 13,000 mark after closing at 13,041.9, rising 276.66 points or 2.17%. The index gained nearly 2.8% for the week and is up more than 11% for the year.It was the highest close since Jan 5, 2022 when the index reached 13,150.38. It was also the biggest single-day gain in six weeks, with the index rising 310 points or 2.68% o...

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