MARKET CLOSE: NZ shares gain; Wall Street rally brings out bargain hunters

By Paul McBeth | Wed, 25 Mar 2020


New Zealand shares rose for a second day as a strong rally on Wall Street brought out investors on the prowl for bargains. The S&P/NZX 50 Index advanced 155.23 points, or 1.7 percent to 9,264.38. Within the index, 46 stocks rose, and four fell. Turnover was $261 million. Equity markets around the world were buoyed by the prospect of a US$2 trillion stimulus package getting through deep divisions among US policymakers. The Dow Jones Industrial Average rose 11 percent overnight, and across Asia, Japan’s Topix was up 4.6 percent in afternoon...