Sharemarket ends week with an upwards tick

Sharemarket ends week with an upwards tick
Synlait's trading halt added some intrigue into the market. (Image: Synlait)
Graham Skellern
The New Zealand sharemarket perked up towards the end of a sluggish week, and Synlait Milk added some intrigue after going into a trading halt.The S&P/NZX 50 Index found some strength late in the afternoon and closed at 11,927.5, up 47.82 points or 0.4%. The index gained 0.4% for the week and is now 4.26% ahead for the year.But trading during the school holidays continued to be light, with 28.55 million shares worth $96.69m changing hands. There were 55 gainers and 65 decliners on the main board.Mark Lister, investment director with Craigs...

More Markets

Fast-food chain float could give Fonterra a steer
Finance

Brian Robins: Fast-food chain float could give Fonterra a steer

After a dearth of IPOs, all eyes are on Guzman y Gomez. 

NZ shares fall on economic fears
Markets Market close

NZ shares fall on economic fears

The S&P/NZX 50 index dropped 96.21 points, or 0.8%, to 11,671.19.

Paul McBeth 19 Jun 2024
Carbon auction gets zero bids
Markets

Carbon auction gets zero bids

There was no interest in the 4 million units on offer.

Ian Llewellyn 19 Jun 2024
$2.2m spent, no takeover for Rakon
Markets

$2.2m spent, no takeover for Rakon

Chip-maker fumbled the bag, research analyst says.