Surge leads to biggest single-day rise in NZ sharemarket
The S&P/NZX 50 Index had another strong afternoon after reaching a morning low of 10,850.92 and closed at 11,044.44, increasing 193.52 points or 1.78%.
The previous biggest single-day gain was 1.98% on Nov 11 last year. The index has now risen 2.80% over the past three trading days.
There were 94 gainers and 36 decliners over the whole market on volumes of 30.25 million share transactions worth $86.86m.
Shane Solly, portfolio manager with Harbour Asset Management, said: “There was a lot of green on the screen, and we haven’t seen that for a long time.
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