MARKET CLOSE: NZ shares extend rally as investors eye covid recovery

Wed, 03 Jun 2020

New Zealand shares joined a global rally as investors grow increasingly optimistic about the recovery from the covid-19 outbreak. The S&P/NZX 50 Index rose 84.10 points, or 0.8 percent, to 11,118.27. Within the index, 34 stocks rose, 15 fell, and one was unchanged. Turnover was $202.7 million. Stock markets worldwide were stronger today as lockdowns were lifted and ongoing stimulus bolstered investor confidence, extending the rapid recovery from the crash in March. The NZX50 is now down a mere 3.2 percent this year. Mark Lister, head o...

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