MARKET CLOSE: NZ shares buoyed by optimism over US-China trade deal; Metroglass sinks

By Paul McBeth | Mon, 25 Nov 2019


New Zealand shares were buoyed by upbeat sentiment across Asia as investors clung to hopes that a China-US trade deal could be reached before the end of the year. The S&P/NZX 50 Index increased 7.37 points, or 0.1 percent, to 10,953.67. Within the index, 14 stocks rose, 33 fell, and three were unchanged. Turnover was $135.5 million. Stocks across Asia rallied on comments by US national security adviser Robert O’Brien that an initial trade deal could be done by the end of the year. CNBC also reported that China was considering tougher pena...