Listed Companies

MARKET CLOSE: Tourism stocks plunge as border effectively closed

Dan Brunskill
Mon, 16 Mar 2020

New Zealand shares fell as investors reacted to new requirements that all travellers entering the country self-isolate for 14 days.The S&P/NZX fell 349.92 points, or 3.6 percent, to 9,476.94. Within the index, 41 stocks fell, two were unchanged and seven fell. Turnover was $223.5 million.Prime Minister Jacinda Ardern announced the travel restriction on Saturday, describing it as the strictest in the world, as the government tries to flatten the rate of covid-19 outbreak.This morning the Reserve Bank slashed the official cash rate by 75 basi...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Boats

Dalton blinks: Auckland back in the America’s Cup hunt

Pattrick Smellie | Fri, 17 Sep 2021

Plans to announce an offshore host city for the 37th America's Cup are on hold as two of the three rumoured bidders baulk.

Coronavirus

Bar owner borrowed $30k to cover wage subsidy delays

Michael Andrew | Fri, 17 Sep 2021

Shaneel Sudhakar faced a 22-day delay in payment of the wage subsidy.

Opinion

Bridgecorp’s death knell a timely warning

Paul McBeth | Fri, 17 Sep 2021

A new generation of investors would do well to wander through the corporate graveyard of yesteryear.

MARKET CLOSE: Tourism stocks plunge as border effectively closed

Not convinced yet?

Your company has a subscription

Team