NZX50 lifts to a seven week high
With the United States markets closed for the Fourth of July Independence Day holiday, the S&P/NZX 50 Index fluctuated on light trading before coming alive in the last 45 minutes.
After reaching an intraday low of 11,950.76, the index surged to 12,002.46, up 22.12 points or 0.18%.
There were 73 gainers and 56 decliners on the main board, with 28.55 million shares worth $83.44m changing hands.
Paul Robertshaw, chief investment officer with Octagon Asset Management, said some of the strength around last week’s rally drained earlier on, but the market is still consolidating.
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