The New Zealand sharemarket demonstrated resilience following a downturn on Wall Street, managing to close slightly higher. The S&P/NZX 50 Index experienced volatility throughout the day but ultimately gained 26.53 points, finishing at 13,819.43 – a 0.19% increase. This positive result occurred amidst growing concerns over global oil prices, which are approaching the US$100-per-barrel mark. The movement suggests a degree of independence for the New Zealand market from immediate US pressures. While the market was choppy, a late-session rally helped secure the gains. The rising oil price remains a key economic factor to watch in the coming days. This development indicates ongoing uncertainty in global markets, but New Zealand’s market showed relative stability.