Sharemarket climbs to highest level in eight weeks

The index has risen 3.77% over the past three trading days and is now up nearly 2% for the year. (Image: Getty)

Wed, 05 Jun 2024

The New Zealand sharemarket climbed to its highest level in eight weeks after delivering its third successive day of gains, with property stocks rebounding.The S&P/NZX 50 Index finished the session strongly from mid-afternoon and closed at 11,996.71, rising 116.17 points or 0.98% after reaching an intraday low of 11,846.33.The index has risen 3.77% over the past three trading days and is now up nearly 2% for the year.There were 68 gainers and 65 decliners over the whole market, with 38.43 million shares worth $149.77m changing hands.Matt Go...

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