The Markets

NZ sharemarket rises, aided by speculation of Fletcher sale

Thursday 22nd of February 2024

The S&P/NZX 50 Index closed at 11,690.25, up 99.83 points or 0.86%. There were 84 gainers and 55 decliners over the whole market on volumes of 27 million share transactions worth $99.4 million.

Speaking to BusinessDesk Thursday afternoon, Hobson Wealth director Brad Gordon said there was improved sentiment coming back into the market.

"We’re a hugely interest rate...

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