NZ sharemarket closes with decent rise
The S&P/NZX 50 Index’s morning fall to 11,911.9 points belied the coming action. The index turned around strongly in the afternoon and closed at 12,067.03, up 88.41 points or 0.74%.
The market sat at 12,099.74 points for one day on May 19 last year before beginning its descent. Fired up by Fisher and Paykel Healthcare’s earnings upgrade, the index is nearing a high of 12,144.66 points set on Feb 17 last year.
The index has now risen more than 2.5% during the last two trading days. There were 99 gainers and 39 decliners over the whole market on increased volumes of 38.2 million share transactions worth $145m.
Across the Tasman, the S&P/ASX 200 Index had gained 0.6% to 7,816.9 points at 6pm NZ time.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
