NZ shares lift as investors contemplate inflation's peak

Investors seem to think that inflation may have peaked. (Image: Getty)

Tue, 14 Nov 2023

The New Zealand sharemarket bounced back more than half a percent, with Napier Port producing a pleasing full-year financial result.The S&P/NZX 50 Index picked up momentum at midday and closed at 11,173.28, up 80.25 points or 0.72% after reaching a morning low of 11,067.42.There were 85 gainers and 43 decliners on the main board, with 21.37 million shares worth $77.41m changing hands.Paul Robertshawe, chief investment officer with Octagon Asset Management, said the market had a strong bounce (after two days of falls).“Interest rates m...

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