NZ sharemarket up over 1.4% for week, down 6.2% for the year

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Fri, 28 Mar 2025

Software firm Gentrack surged more than 10% on speculation it has won a major offshore contract, but the New Zealand sharemarket finished the week on a flat note.The S&P/NZX 50 Index reached an intraday high 12,382.41 before dipping late afternoon to close at 12,287.46, down 18.33 points or 0.15%. The index increased more than 1.4% for the week and is now down 6.2% for the year to date.Volumes were steady, with 31 million shares worth $105.58m changing hands.'Things are less dire'Shane Solly, portfolio manager with Harbour Asse...

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