NZ sharemarket close to wiping out its deficit for the year

Not quite a bull market but climbing closer to positive territory. (Image: Getty)

Wed, 06 Dec 2023

The New Zealand sharemarket is close to wiping out its deficit for the year after rising nearly 1%, while Synlait Milk hit an all-time low.After a strong opening in Australia, the S&P/NZX 50 Index kicked into gear at lunchtime and closed at 11,463.49, up 106.5 points or 0.94%.The index began the week 0.9% down for the year and is now just 0.06% from entering positive territory.The NZX index is having its sixth successive week of gains and has made ground in five of the last six quarters, apart from the three months ending September.There we...

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