NZ sharemarket up almost 1%
The S&P/NZX 50 Index picked up steam mid-afternoon and closed at 11,848.13, up 102.6 points or 0.87% after reaching an intraday low of 11,720.15.
There were 98 gainers and 39 decliners over the whole market on volumes of 34.43 million share transactions worth $143.5m.
Matt Goodson, managing director of Salt Funds Management, said many market participants are away for the school holidays, and the market drifted higher to offset the decline the day before.
“Australia was up strongly but it was down harder than us the day before, and we had a muted lead from the United States,” Goodson said.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)
