NZ sharemarket up more than 0.5%
The S&P/NZX 50 Index climbed steadily, especially after the Reserve Bank of Australia (RBA) announcement, and closed at 11,817.91, up 89.9 points or 0.77%.
There were 80 gainers and 52 decliners over the whole market on volumes of 30.86 million share transactions worth $126.23m.
Chorus, removed from the FTSE Russell Small Cap Index, topped the individual trading with $27.4m worth of its shares changing hands. Chorus was down 9c to $7.59.
Jeremy Sullivan, investment advisor with Hamilton Hindin Greene, said the lift in the local market was broad-based across all sectors.
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