NZ sharemarket lifts on brighter economic news

An increase in business confidence flowed through to share investors today. (Image: Getty)

Thu, 29 Jun 2023

A chirpy New Zealand sharemarket made further strong gains on more positive economic data – this time business confidence at home.For the second day running, the S&P/NZX 50 had a strong afternoon of trading and closed at 11,808.12, up 74.66 points or 0.64% after reaching a morning low of 11,681.37. The index has risen 1.45% over the last three trading days.There were 76 gainers and 43 decliners on the main board, with 33.38 million shares worth $110.48m changing hands.In the latest ANZ survey, business confidence jumped 13 points to m...

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