MARKET CLOSE: NZ shares recover in modest decline as cooler heads prevail

Tue, 10 Mar 2020

New Zealand shares bounced back from a sharp sell-off in early trading as investors regained some confidence that governments are taking steps to deal with the covid-19 outbreak.The S&P/NZX 50 Index fell as much as 4.9 percent, but ended the day down 1.8 percent, or 194.34 points, at 10,897.47. Within the index, 36 stocks fell, 11 rose, and three were unchanged. Turnover was heavy at $231.7 million.Traders were braced for the worst after Wall Street’s 15-minute circuit breakers halted trading when US stocks fell too steeply. Investors were...

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