NZ sharemarket up 0.5%, Rocket Lab soars in US

Rocket Lab shares have increased since the US election. (Image: Supplied)

Tue, 12 Nov 2024

The New Zealand sharemarket staged a solid turnaround with a 0.5% rise, while the Rocket Lab stock is flying high in the United States.In a familiar pattern, the S&P/NZX 50 Index picked up steam in the afternoon and closed at 12,749.36, a gain of 63.03 points or 0.5% after reaching an intraday low of 12,621.05 following a 0.66% fall the day before. Trading was lighter, with 25.53 million shares worth $108.24m changing hands.Regulation-friendly Matt Goodson, managing director of Salt Funds Management, said that in the Trumpian world, Te...

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