MARKET CLOSE: NZ shares rise as global govt response calms investors

Wed, 18 Mar 2020

Investor panic subsided and New Zealand shares edged higher as government packages designed to blunt the economic pain from the pandemic offered some much coveted good news. The S&P/NZX 50 Index gained 20.47 points, or 0.2 percent, to 9,454.89. Within the index, 23 stocks fell, 21 rose, and six were unchanged. Turnover was $293.5 million. This week governments across the world announced fiscal stimulus to curb a recession now considered imminent. US President Donald Trump's pursuit of a US$1 trillion package, which could include US$1,000...

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