NZ sharemarket up 1% for the day

The New Zealand sharemarket rebounded 1%, fuelled by strong performances offshore, with Wall Street at the centre of the action in a bull run.The S&P/NZX 50 climbed steadily at noon after hitting a low of 11,645.4 and closed at 11,802.88, up 117.93 points or 1.01%.There were 81 gainers and 41 decliners on the main board, and trading resumed normal service with 43.91 million shares worth $121.45m changing hands.Matt Goodson, managing director of Salt Funds Management, said the local market went higher as the day went by on the continuat...