MARKET CLOSE: Tourism stocks plunge as border effectively closed

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...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am