New Zealand stocks rise – sharemarket closes with 1% gain

Another day, another turnaround. The New Zealand sharemarket posted a 1% gain after recovering from a bout of hectic selling the day before.

The S&P/NZX 50 Index gained in strength as the day wore on, and closed at 12,768.54, up 127.22 points or 1.01% following the previous 1.55% fall.

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