MARKET CLOSE: NZ shares soar as investors get FOMO

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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