NZX50 jumps on index changes and higher confidence
The S&P/NZX 50 Index had a late surge, in volumes and pricing, on end-of-month index changes and finished at 12,056.15, up 78.5 points or 0.66%. It was the index’s best close for ten weeks and has risen 5% so far this year.
There were 84 gainers and 51 decliners over the whole market, with 40.31 million shares worth $168.37m changing hands.
Meridian and Mercury Energy had increased weightings and gained 14.5c or 2.64% to $5.645 on trade worth $11.46m and 10c to $6.59 on trade worth $5.69m, respectively.
Precinct Properties, another beneficiary, was up 2c to $1.345 on trade reaching $1.63m.
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