MARKET CLOSE: Healthcare stocks lead market higher

Thu, 01 Oct 2020

The healthcare sector led a broad rally on the New Zealand share market, mirroring a similar trend in United States indices on Wednesday night. The S&P/NZX 50 Index rose 65.45 points, or 0.6 percent, to 11,812.73. Within the index, 30 stocks rose, 10 fell and 10 were unchanged. Turnover was $199.9 million.Wall Street equity indices each gained approximately 1 percent after federal government leaders indicated progress was being made on negotiations for a new pandemic relief package.The healthcare sector had the largest percentage gain...

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