NZ shares perk up as coalition details announced

Christopher Luxon's coalition deal did not worry investors. (Image: NZME)

Fri, 24 Nov 2023

The New Zealand sharemarket closed the week with a small gain as the coalition government agreement, with its sack-full of legislative changes, quelled some uncertainty.The S&P/NZX 50 Index moved into positive territory after the policy changes and ministerial appointments were announced. The index finished at 11,211.22, up 23.69 points or 0.21%, after reaching an intraday low of 11,164.74.The index ended the week slightly ahead at nearly 0.3% – with just one down day – and has now fallen 2.4% for the year. It has risen 4% in No...

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