NZ sharemarket gains nearly 1%, Pushpay bids farewell to NZX

(Image: Getty)

Wed, 10 May 2023

The New Zealand sharemarket, well supported by the industrial and energy stocks, came alive with a strong afternoon recovery and a gain of nearly 1% on busy trading.The S&P/NZX 50 Index first fell to an intraday low of 11,861.65 before bouncing back and closing at 11,987.3, up 97.69 points or 0.82%. The index’s industrial sector increased by 1.6% and energy by 2.8%.There were 75 gainers and 59 decliners over the whole market on increased volume of 67.18 million share transactions worth $229.34m. The trade was dominated by Pushpay...

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