The Markets
NZ sharemarket reaches 32-month high, up 1.5%
Thursday 12th of September 2024
After a strong lead from Wall Street, the S&P/NZX 50 Index began climbing late morning and closed at 12,820.28, gaining 187.93 points or 1.49%.
The index matched the levels seen in mid-January 2020. There were 85 gainers and 81 decliners over the whole market, with volumes of 32.3 million share transactions worth $126.83m.
Paul Robertshawe, chief investment officer with Octagon Asset Management, said the local market feels better after two or three days of being under pressure.
“I guess people are taking a more positive outlook once again.
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