NZ sharemarket up nearly 1% after long weekend as Serko surges

Serko reported increased revenue and growth. (Image: Getty)

Tue, 29 Oct 2024

The New Zealand sharemarket lacked direction ahead of some defining events, but Serko went only one way, surging more than 15% on increased revenue and growth.The S&P/NZX 50 Index was up and down all day and closed at 12,783.36, up 11.75 points or 0.09%, after reaching an intraday high of 12,826.48 and low of 12,720.21. Trading was heavy, with 83.55m shares worth $223.17m changing hands.Last piece of the puzzleMark Lister, investment director with Craigs Investment Partners, said he wasn’t surprised the market was feeling unsure...

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