NZX50 lifts to a seven week high

Data showing lower commodity prices did not subdue positive sentiment for equities investors. (Image: Getty)

Wed, 05 Jul 2023

The New Zealand sharemarket picked up steam late in the day and pushed through the 12,000 points mark for the first time in seven weeks.With the United States markets closed for the Fourth of July Independence Day holiday, the S&P/NZX 50 Index fluctuated on light trading before coming alive in the last 45 minutes.After reaching an intraday low of 11,950.76, the index surged to 12,002.46, up 22.12 points or 0.18%.There were 73 gainers and 56 decliners on the main board, with 28.55 million shares worth $83.44m changing hands.Paul Robertshaw,...

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