NZ sharemarket up 0.76%
The S&P/NZX 50 Index picked up steam in the afternoon and closed at 11,716.44, up 88.58 points or 0.76% after reaching an intraday low of 11,566.75.
There were 77 gainers and 60 decliners on the main board with 27.34 million shares worth $110.91m changing hands.
Matt Goodson, managing director of Salt Funds Management, said there was very little corporate news and the local market caught the tailwinds from across the Tasman.
The S&P/ASX 200 Index had risen 1.26% to 7831 points at 6pm NZ time. Leading the charge there were Collins Foods, up 6.11% to A$9.89 (NZ$10.76), and James Hardie Industries, gaining 4.85% to A$49.745.
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