'So much volatility': NZ sharemarket up nearly 1%

Stocks are bouncing around. (Image: NZME)

Tue, 08 Apr 2025

Blue-chip stocks recovered some lost ground as the New Zealand sharemarket made a quick turnaround with a rise of nearly 1%.The S&P/NZX 50 Index picked up at lunchtime after the Australian market opened strongly, and the local index closed at 11,891.44, up 115.56 points or 0.98%.There were 37.4 million share transactions worth $146.3m. The index had fallen 4.6% over the previous two trading days.Matt Goodson, managing director with Salt Funds Management, said: “We saw a short-term relief bounce on moderate volumes. But we are still on...

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