MARKET CLOSE: NZ shares extend strong start to 2020 as blue chips gain

MARKET CLOSE: NZ shares extend strong start to 2020 as blue chips gain
Paul McBeth
New Zealand shares continued their strong start to the decade, with a raft of blue-chip stocks leading the benchmark index higher. Gentrack bounced back from its sharp sell-off in recent days.The S&P/NZX 50 Index rose 62.35 points, or 0.5 percent, to 11,800.21. Within the index, 30 stocks rose, 15 fell and five were unchanged. Turnover was $122.3 million.The New Zealand and Australian stock markets were the best performers across Asia, with the S&P/ASX 200 Index up 0.5 percent in afternoon trading. Stock markets have been buoyed this we...

More Markets

NZ sharemarket ends lower, spike in oil prices
Markets Market Close

NZ sharemarket ends lower, spike in oil prices

Australian, Hong Kong and Japanese share markets were all down after the attack.

Jamie Gray 13 Jun 2025
Bremworth wins $2m Kāinga Ora wool carpet contract
Primary Sector

Bremworth wins $2m Kāinga Ora wool carpet contract

The NZX-listed carpet market says the contract is of huge strategic value.

Staff reporters 13 Jun 2025
New Meridian boss warns market intervention comes with high risk
Markets

New Meridian boss warns market intervention comes with high risk

Mike Roan says electricity prices will come down in his term as CEO.

Ian Llewellyn 13 Jun 2025
NZ sharemarket flat amid global fears of Iran strike
Markets Market Close

NZ sharemarket flat amid global fears of Iran strike

NZ investors are looking with concern at rumblings in the Middle East.

Tom Raynel 12 Jun 2025