NZ sharemarket lifts as results brighten investors' mood

After trading steadily for most of the day, the S&P/NZX 50 Index had a late surge and closed at 11,528.12, up 49.11 points or 0.43%.

There were 76 gainers and 46 decliners on the main board, with 25.17 million shares worth $90.40m changing hands.

Tourism Holdings was the day’s best performer, rising more than 12% on a strong annual result that benefited from the merger with Australian Apollo Leisure & Tourism.

Market heavyweight Fisher & Paykel Healthcare finished 6c ahead at $22.27 after reaching an intraday low of $21.30 on trade worth $11.15m.