NZ sharemarket up 0.4% to end the week

(Image: NZME)

Fri, 05 Jul 2024

The New Zealand sharemarket came to life with a late spurt – just as the Conservatives conceded a heavy defeat to the Labour Party in the British election.The S&P/NZX 50 Index began climbing mid-afternoon and closed at 11,794.81, up 48.15 points or 0.41% after reaching an intraday low of 11,771.4. The index increased 0.65% for the week and is flat for the year.There were 68 gainers and 62 decliners over the whole market on volumes of 29.98 million share transactions worth $91.77m.Shane Solly, portfolio manager with Harbour Asset Manag...

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