The Markets

NZ sharemarket rises as honeymaker shares turn sour

Thursday 1st of February 2024

The S&P/NZX 50 Index again went opposite to Wall Street and gained a healthy 44.68 points or 0.38% to 11,916.78 after a strong afternoon trading session.

There were 52 gainers and 78 decliners on the main board, with 25.21 million shares worth $94.91m changing hands.

The US markets were disappointed when Federal Reserve chair Jerome Powell said March was not the most likely...

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