The Markets
NZ sharemarket has its best week of 2024
Friday 12th of July 2024
The S&P/NZX 50 Index traded strongly from lunchtime and closed at 12,134.97, up 76.68 points or 0.64% after reaching a morning low of 11,995.95.
The index rose 2.85% for the week, 3.3% for the month to date, and is now ahead more than 3% for the year.
There were 100 gainers and 41 decliners amongst the 180 listed stocks, with 36.47 million shares worth $107.16m changing hands.
Shane Solly, portfolio manager with Harbour Asset Management, said it was another green day on the screen and the NZ market had got its mojo back.
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