Sharemarket climbs to highest level in eight weeks
The S&P/NZX 50 Index finished the session strongly from mid-afternoon and closed at 11,996.71, rising 116.17 points or 0.98% after reaching an intraday low of 11,846.33.
The index has risen 3.77% over the past three trading days and is now up nearly 2% for the year.
There were 68 gainers and 65 decliners over the whole market, with 38.43 million shares worth $149.77m changing hands.
Matt Goodson, managing director of Salt Funds Management, said the local market was relatively buoyant across most of the large cap stocks as money gets put to work.
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