MARKET CLOSE: NZ shares soar as investors get FOMO

Dan Brunskill
Tue, 02 Jun 2020

New Zealand shares rose as investors found confidence in the Prime Minister bringing forward a decision about the move to alert level 1. Tourism Holdings and Gentrack led the market higher with double digit gains. The S&P/NZX 50 Index rose 151.76 points, or 1.4 percent, edging back across the 11,000 mark at 11,034.17. Within the index, 36 stocks rose, eight fell, and six remained unchanged. Turnover was $159.3 million. Investors took on a confident attitude after Prime Minister Jacinda Ardern this morning signalled New Zealand could be ou...
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ELECTION 2020: National MP under pressure to resign after 'dirty politics' disclosures
Pattrick Smellie | Tue, 07 Jul 2020

National's Clutha-Southland MP Hamish Walker is under intense pressure to resign as a candidate for the National Party.

Markets
MARKET CLOSE: NZ shares rise with continual central bank support
Dan Brunskill | Tue, 07 Jul 2020

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 poin...

Markets
NZ dollar treads water as covid-19 cases spike in Melbourne
Jenny Ruth | Tue, 07 Jul 2020

The New Zealand dollar was little changed after volatile trading driven by swings in China's share market but could follow its Australian counterpart lower if the state of Victoria imposes a return to...

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