MARKET CLOSE: Contact leads shares higher

Mon, 12 Oct 2020

New Zealand shares rose, led by Contact Energy as its possible inclusion in the MSCI Index continues to drive investors to buy the stock amid strong global risk sentiment. The S&P/NZX 50 Index advanced 76.35 points, or 0.6 percent, to 12,356.89. Within the index, 37 stocks rose, 12 fell and one was unchanged. Turnover was $155.2 million.Global share markets rallied strongly last week, rebounding from a weak September as US lawmakers appeared to be making progress on a trillion-dollar fiscal support package. This combined with som...

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