Sharemarket ends week with an upwards tick

Sharemarket ends week with an upwards tick
Synlait's trading halt added some intrigue into the market. (Image: Synlait)
Graham Skellern
The New Zealand sharemarket perked up towards the end of a sluggish week, and Synlait Milk added some intrigue after going into a trading halt.The S&P/NZX 50 Index found some strength late in the afternoon and closed at 11,927.5, up 47.82 points or 0.4%. The index gained 0.4% for the week and is now 4.26% ahead for the year.But trading during the school holidays continued to be light, with 28.55 million shares worth $96.69m changing hands. There were 55 gainers and 65 decliners on the main board.Mark Lister, investment director with Craigs...

More Markets

JB Hi-Fi continues NZ charge, plans three more stores
Retail

JB Hi-Fi continues NZ charge, plans three more stores

The electronics retailer wants 26 stores in New Zealand by the end of next year.

PEP buys 75% of Spark datacentres
Markets

PEP buys 75% of Spark datacentres

Spark is selling more of its datacentre business than previously signalled.

Rakon's Robinson standing 'to do one thing'
Markets

Rakon's Robinson standing 'to do one thing'

Brent Robinson has laid out his vision for Rakon as he campaigns to lead its board.