Surge leads to biggest single-day rise in NZ sharemarket

Surge leads to biggest single-day rise in NZ sharemarket
(Image: Getty)
Graham Skellern
The blue-chip stocks picked up a head of steam as the New Zealand sharemarket recorded its biggest single-day rise in nearly a year with a surge of more than 1.7%.The S&P/NZX 50 Index had another strong afternoon after reaching a morning low of 10,850.92 and closed at 11,044.44, increasing 193.52 points or 1.78%. The previous biggest single-day gain was 1.98% on Nov 11 last year. The index has now risen 2.80% over the past three trading days.There were 94 gainers and 36 decliners over the whole market on volumes of 30.25 million share...

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Graham Skellern 25 Jul 2024