NZ sharemarket shows positive signs after last week's lows

a2 Milk surged nearly 6% after finding renewed favour from investors. (Image: Getty)

Mon, 22 Jan 2024

The New Zealand sharemarket started the week on a positive note, with a2 Milk surging nearly 6% after finding renewed favour from investors.The S&P/NZX 50 Index reached an intraday high of 11,713.34 but slipped slightly to close at 11,684.95, up 18.88 points or 0.16% – following five successive down days last week.There were 74 gainers and 62 decliners over the whole market on volumes of 17.95 million shares worth $63.29 million.Jeremy Sullivan, investment advisor with Hamilton Hindin Greene, said the local market made a modest gain f...

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