The New Zealand sharemarket concluded the week on a positive note, rising nearly 1%. The S&P/NZX 50 Index closed at 13,495.63, a gain of 132.32 points, representing a 0.99% increase. Trading saw a late-morning surge after reaching a low of 13,359.49 during the day. Casino and hotel operator SkyCity was a key driver of the market’s upward trend, showing recovery after a period of decline. This performance marks a shift for SkyCity and contributes to the overall positive market sentiment. The index’s gains signal renewed investor confidence in the New Zealand economy.