Rebound in property stocks helps lift NZ sharemarket

There were 70 gainers and 64 decliners on the main board. (Image: Getty)

Tue, 05 Mar 2024

The New Zealand sharemarket had a late bounce on a quiet day and was helped along by a rebound in the property stocks.The S&P/NZX 50 Index reached an intraday low of 11,658.13 and climbed to positive territory by the end of the day, gaining 28.8 points or 0.25% to 11,753.02.There were 70 gainers and 64 decliners on the main board with 33.64 million shares worth $114.42m changing hands.Matt Goodson, managing director of Salt Funds Management, said: “We saw a few price movements and some of them were a backwash from the recent index cha...

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