Tourism Holdings and inflation updates drive NZX up

The inflation rate increased to 2.5% in the 12 months to the March 2025. (Image: NZME)

Thu, 17 Apr 2025

The New Zealand sharemarket rose today as the reporting season ended, with the market now beholden to ongoing international impacts.The S&P/NZX 50 Index closed up 0.42% or 51.07 points, rising to 12,118.99, with 38 million shares changing hands to the value of $115.1m.The S&P/NZX20 index closed at 7,201.19, up 0.39%, while the S&P/NZX10 index closed at 1,831.27, up 0.27%.There were 78 gainers on the main board and 54 decliners.Tourism woesThe story of the day was with Tourism Holdings (THL), which in an update to the NZX said that i...

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