The Markets

Positive reporting and speculation drive sharemarket higher

Thursday 23rd of May 2024

The S&P/NZX 50 Index had a solid day’s trading and closed at 11,809.48, up 77.2 points or 0.66% after reaching an early-morning low of 11,700.04.

There were 66 gainers and 73 decliners over the whole market on volumes of 32.15 million share transactions worth $122.92m.

Things got interesting with speculation out of Australia that American private equity investment firm...

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