NZX50 breaks an eight day losing streak

Investors have an eye on rising oil prices pushing up inflation. (Image: Getty)

Wed, 13 Sep 2023

The New Zealand sharemarket broke a sequence of down days with a welcome half% rise, helped by a positive financial result from big retailer Briscoe Group.The S&P/NZX 50 Index sprung into life mid-afternoon and closed at the day’s high of 11.357.12, up 58.42 points or 0.52% after reaching a low of 11,264.49. The index had fallen on each of the previous eight trading days.There were 62 gainers and 58 decliners on the main board, with 23.61 million shares worth $94.46m changing hands.Greg Smith, head of retail with Devon Funds Managemen...

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