MARKET CLOSE: NZ shares climb to four-month high

Fri, 03 Jul 2020

New Zealand shares rallied to a four-month high as some investors were encouraged by better-than-expected US jobs data and continued central bank support. The S&P/NZX 50 Index rose 56.18 points, or 0.5 percent, to 11,558.70 — the highest close since March 5. Within the index, 23 stocks rose, 22 fell, and five were unchanged. Turnover was $123.8 million. Share markets across Asia rose to their highest level since the end of February, based on the MSCI Asia Index. Today’s rally was driven by reports that nonfarm jobs in the United States...

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