NZ sharemarket ends first day of summer on a positive note

The S&P/NZX 50 Index closed at 11,367.51, up 37.31 points or 0.33%, after reaching an intraday low of 11,3207.05. The index gained 1.% for the week and is now down 1.1% for the year. 

There were 69 gainers and 57 decliners over the whole market on light trading, with 20.74 million shares worth $77.67m changing hands.

It was a solid November for the NZ market, with the gross index rising 5.3% – but not quite as rousing as the United States.

The Dow Jones Industrial Average surged 520 points or 1.47% to a one-year high of 35,950,89 points. It climbed 8.9% in November – the best month this year.