NZX50 jumps on index changes and higher confidence

NZ investors were in a bullish mood today. (Image: Getty)

Mon, 31 Jul 2023

The New Zealand sharemarket jumped nearly one percent as business confidence reached its highest level for nearly two years, albeit still comparatively low.The S&P/NZX 50 Index had a late surge, in volumes and pricing, on end-of-month index changes and finished at 12,056.15, up 109.41 points or 0.92%. It was the index’s best close for 10 weeks and has risen 5% so far this year.There were 84 gainers and 51 decliners over the whole market, with 40.31 million shares worth $168.37m changing hands.Meridian and Mercury Energy had increased...

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