Sharemarket starts week on a buoyant note

Investors were in a positive mood on Monday. (Image: Getty)

Mon, 24 Apr 2023

The New Zealand sharemarket moved into the Anzac Day commemoration in a buoyant mood, rising nearly one percent with several consumer stocks having a solid day.The S&P/NZX 50 Index started the week slowly but had a strong rally on light trading in the afternoon to breach the 12,000 points level for the first time in nine weeks.The index closed at 12,026.39, up 98.89 points or 0.83%, after reaching an intraday low of 11,873.81. The index was at 12,144.66 points on Feb 17.There were 75 gainers and 55 decliners over the whole market, with 19.9...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Primary Sector

'We sold the family home': Organic farm liquidated

The Ōamaru farm was set to be the subject of a Country Calendar episode.

Gregor Thompson 12:00pm

Markets

Genesis takes another step in increasing NZ's battery capacity

Grid-scale batteries add to the mix, but questions remain over economic viability.

Ian Llewellyn 11:30am

Genesis takes another step in increasing NZ's battery capacity

The Quiz Free

QuiznessDesk, Thursday, June 05

Known as the Rio Grande in the USA, what is it called in Mexico?Which US state is Tallahassee the capital of?How is trinitrotoluene better known?How many hours does a boxer have to reach the required weight if he fails to make the target weight on the official weigh-in? 1, 12 or...

The Quizmaster 9:15am