MARKET CLOSE: Mainfreight leads shares higher

Wed, 14 Oct 2020

Global logistics firm Mainfreight led New Zealand shares higher as the index chalked up its eleventh straight day of gains. The S&P/NZX 50 Index rose 89.76 points, or 0.7 percent, to 12,543.61. Within the index, 15 stocks fell, 28 rose and seven were unchanged. Turnover was $183.1 million.The NZX was the only major share market in Asia to climb, with most global investors taking a more cautious approach as the likelihood of fast fiscal stimulus in the US once again faded. Peter McIntyre, an investment advisor at Craigs Investment...

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