MARKET CLOSE: NZX50 hits record as investors eye US-China trade deal

By Paul McBeth | Wed, 15 Jan 2020


The S&P/NZX 50 Index broke new ground as investors await the signing of the preliminary US-China trade deal. Gentrack slumped as a potential major customer backed out of a deal. The NZX50 rose as high as 11,693.46 and ended the day at 11,676.67, up 51.54 points, or 0.4 percent. Within the index, 28 stocks rose, 16 fell, and six were unchanged. Turnover was $181.3 million. China’s Vice Premier Liu He is scheduled to sign the first stage of the trade agreement in Washington overnight, although US Treasury Secretary Steven Mnuchin said the U...