MARKET CLOSE: NZ shares edge lower as investors digest QE, covid fund

Fri, 15 May 2020

New Zealand shares fell as investors paused to digest the extra support from the government and Reserve Bank announced this week and what it means for the economy. The S&P/NZX 50 Index fell 14.48 points, or 0.1 percent, to 10,730.68. Within the index, 26 stocks rose, 17 fell and seven were unchanged. Turnover was $157 million. This week saw the Reserve Bank announce it would buy up to $60 billion of central and local government bonds - almost doubling its quantitative easing programme - while Finance Minster Grant Robertson oversaw a bud...

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