NZ sharemarket shakes off Wall Street fall to end firm
The New Zealand sharemarket shook off a negative lead from overseas markets to end firmly but on light volume on Friday.
The S&P/NZX 50 Index gained 22.39 points or 0.16% to end at 13,599.21 but off its peak for the day, with 25 million shares, worth $110.3 million, trading.
On the day, there were 63 rises and 80 falls on the main board.
Wall Street’s S&P 500 index ended 1.1% down on the back of weak jobs data.
Negative lead from abroad
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Paying advisers for KiwiSaver adviceFriday, November 7th, 7:26AM
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Lifetime celebrates 10 years with a new scheme under its belt
Lifetime Asset Management is now the manager of the SuperLife UK Pension Transfer Scheme (SLUK).
As a licensed Managed Investment Scheme (MIS) manager, Lifetime will oversee scheme administration, member services, and investment management.
With the addition of SLUK, Lifetime’s total funds under management total $1.3 billion, including $463 million in UK pension assets, reinforcing its leadership in retirement and pension transfers.
This milestone aligns with Lifetime's mission to ...MORE»
NZ a standout for ethical investment funds flowThursday, October 30th, 9:01AM
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Harbour chooses “not a Wall St firm” for global private equity fund External InboxWednesday, October 29th, 7:57AM
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