MARKET CLOSE: Entertainment stocks lead market rally

Thu, 03 Sep 2020

New Zealand shares rose in a broad-based rally, led by entertainment companies as the pandemic appeared to be coming under control in key markets. SkyCity Entertainment Group led the market higher. The S&P/NZX 50 Index rose 152.07 points, or 1.3 percent, to 12,055.05. Within the index, 32 stocks rose, 12 fell and six were unchanged. Turnover was $236 million. The benchmark gained as investors bought stocks hit hardest by covid-19 as important export markets appeared to be managing the virus, said Brad Gordon, an investment adviser at Hobs...

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