Technology firm Vista Group dominated the trading and price movements, rising 14 per cent, after gaining a new majority shareholder on an otherwise quiet day.
The New Zealand sharemarket fell sharply and then recovered its nerve after the Reserve Bank dashed hopes of an early cut to interest rates. The S&P/NZX 50.
NZ sharemarket snaps out of funk for big rise - Market close nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
As of May 2024, the Australian Securities Exchange (ASX) has shown a robust performance with nearly all sectors closing in the green, signaling a positive momentum across various industries. This backdrop provides an intriguing context for investors interested in growth companies with high insider ownership, as these firms often benefit from aligned interests between management and shareholders, potentially enhancing stability and confidence amidst fluctuating market conditions.