NZ sharemarket looking to end the year up, despite soft retail data

Michael Hill was one of the retailers' shares that did not fare well on spending data news. (Image: BusinessDesk)

Thu, 28 Dec 2023

The New Zealand sharemarket is almost certain to finish the year in positive territory after gaining more than half a percent as investors searched out beaten-up stocks.The S&P/NZX 50 Index climbed steadily after an early-morning fall and closed at 11,768.68, up 90.25 points or 0.77%.The top 50 index reached an intraday low of 11,646.18 points and has risen nearly 2.5% for the year, with just a half-day trading session remaining. The S&P/NZX All Index - which comprises of all stocks on the main board - is up 3.4% for the year.There were...

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