Market ends on a slight upnote after week of poor results
The S&P/NZX50 index ended at 11,719.82 up 29.57 points or a quarter of a percentage point, as a disappointing earnings season continued to weigh on the local market.
There were 89 gains and 50 falls among the 183 stocks traded, on volume of 29.9 million shares (worth $129m).
On Wall Street, the S&P 500 index ended up 2.1%, surpassing last week’s record high.
Nvidia closed 16.4% higher on Thursday after its quarterly results and new forecasts far exceeded analyst expectations. The result also rubbed off positively on major European and Asian markets.
Locally, market leaders Fisher & Paykel Healthcare gained, up 66 cents to $24.60, and Meridian, up 8 cents at $5.90 and helped mask general weakness.
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