Optimism lifts the NZ sharemarket

Optimism lifts the NZ sharemarket
There were 42.45 million share transactions worth $116.43m. (Image: Getty)
Graham Skellern
A more optimistic New Zealand sharemarket burst through the 12,000 points mark for the first time in three months, and Synlait Milk chimed in with a 23% rise after receiving crucial shareholder loan backing.The S&P/NZX 50 Index traded solidly in the afternoon and closed at 12,058.29, up 114.96 points or 0.96% after hitting a morning low of 11,917.91.The index earlier pushed through 12,000 on March 25 and stayed above that level for eight trading days – it was 12,012.24 points on April 5 – before heading south.There were 98 gaine...

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The S&P/NZX 50 Index closed at 12,396.27, down 134.72 points or 1.08%.

Graham Skellern 25 Jul 2024