NZ sharemarket ends the week with a lift

Fonterra shares rose on some good news. (Image: Fonterra)

Fri, 11 Aug 2023

The New Zealand sharemarket had a handy gain after four successive down days, with the country’s biggest company, Fonterra, providing a positive earnings outlook.The S&P/NZX 50 Index rebounded from a morning low of 11,778.84 to close at 11,836.71, up 24.94 points or 0.21%. The index was down 0.9% for the week and has risen 4% so far this year.There were 79 gainers and 44 decliners on the main board, with 23.77 million shares worth $102.86 million changing hands.Fonterra Shareholders’ Fund increased 12c or 3.21% to $3.86 after th...

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