Utilities lead the NZ sharemarket up on light holiday trading

Utilities, such as hydro electricity generators, had a good day on the market. (Image: Getty)

Mon, 29 Jan 2024

Blue-chip utility stocks had a strong trading day and powered the New Zealand sharemarket to a handy gain for the new week.The S&P/NZX 50 Index closed at 11,911.89, up 36.86 points or 0.31% after reaching an intraday low of 11,853.49.Volumes were lighter than normal, with many market participants instead enjoying the Auckland Anniversary Day holiday. There were 72 gainers and 58 decliners on the main board, with 13.6 million shares worth $61.16m changing hands.Jeremy Sullivan, investment adviser with Hamilton Hindin Greene, said the local m...

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