MARKET CLOSE: Investor demand continues for yield stocks

Tue, 01 Oct 2019

By Victoria Young Oct. 1 (BusinessDesk) - NZ shares followed international markets higher as the low-interest-rate environment continues to see investor demand for yield stocks. The S&P/NZX 50 Index rose 71.37 points, or 0.65 percent, to 10,996.99. Within the index, 24 stocks rose, 19 fell and seven were unchanged. Turnover was light at $92.18 million. “The S&P 500 was up half a percent and the US and European markets, for the most part, were up, so there was a positive lead and the market took a while to get going this morning,” Gra...

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