NZ sharemarket turnaround as Mercury Energy hits all-time high

There were 71 gainers and 56 decliners over the whole market. (Image: Supplied)

Wed, 06 Mar 2024

The New Zealand sharemarket staged a major turnaround, with Mercury Energy hitting an all-time high and property stocks continuing to rebound. Following a sharp fall on Wall Street, the S&P/NZX 50 Index fell at the opening and reached a morning low of 11,656.38 points. But the index picked up steam during the afternoon, particularly in the end-of-day matching session, and closed at 11,795.9, up 42.88 points or 0.36%.There were 71 gainers and 56 decliners over the whole market on volumes of 35.67 million share transactions worth $139.51...

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