NZ market turns over almost $400m as indices rebalance

“Clearly the big data this week was the Fed's pause,” Sullivan said.(Image: Getty)

Fri, 16 Jun 2023

New Zealand’s sharemarket turned over more than $300 million on Friday as the S&P/NZX indices rebalanced – as a result of its June quarterly review.The S&P/NZX 50 Index rose 112.59 points, or 1%, to 11,800.04. Turnover on the entire market was $380.8m with 85 stocks rising and 46 falling.Hamilton Hindin Greene investment advisor Jeremy Sullivan said it had been another quiet news day on the market as investors digested this week’s economic data.“Clearly the big data this week was the Fed's pause,”...

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