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

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)
Graham Skellern
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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