NZ sharemarket rises nearly 2% for the week
The New Zealand sharemarket had a frantic end to the week, with Tourism Holdings fielding a renewed takeover bid and leading stocks buffeted by a world index rebalancing.

The S&P/NZX 50 Index and the blue-chips were enjoying a solid day but suffered a late fall due to the largest quarterly rebalancing of the MSCI Equity indices. ⌘ Read more