MARKET CLOSE: NZ shares rise with continual central bank support

MARKET CLOSE: NZ shares rise with continual central bank support
Dan Brunskill
New Zealand shares rose for a fourth day as investors bet that further central bank stimulus and ongoing low interest rates will continue to support equities. The S&P/NZX 50 Index gained 87.52 points, or 0.8 percent, to 11,743.73. Within the index, 27 stocks rose, 20 fell, and three were unchanged. Turnover was $129 million. Share markets across Asia started the week with a “positive mindset” after a front-page editorial in the China Securities Journal said “fostering a healthy bull market” was important to the Chinese economy, ASB econom...

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NZ stocks take Wall Street lead to end down 1%
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A trading halt granted by the ASX to Australian-listed New Zealand antimicrobials manufacturer Zoono on Wednesday after a price query has been lifted after the company said it knew of no reason for its share price soaring.Its share price rose from 0.09c to 0.18c on volumes much h...

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