NZ sharemarket reaches 14 week high

There was further hope that Reserve Bank governor Adrian Orr could cut rates earlier. (Image: Getty)

Thu, 14 Dec 2023

The New Zealand sharemarket reached its highest level in 14 weeks on a buoyant day, with the Dow Jones Industrial Average hitting an all-time peak and wholesale interest rates falling significantly. The S&P/NZX 50 Index rose strongly at lunchtime and had a late dip before closing at 11,552.88, up 77.11 points or 0.67% – matching the 11,554.48 set on Aug 31. The index’s intraday high was 11,593.22 points. There were 79 gainers and 58 decliners over the whole market on increased volumes of 92.23 million shares, totalling...

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