MARKET CLOSE: NZ shares flat as tech rally balances covid fears

Thu, 13 Aug 2020

New Zealand shares edged higher as gains in local software companies spurred on by Wall Street's tech rally just offset the general malaise of the latest covid-19 lockdown. The S&P/NZX 50 Index rose 8.91 points, or 0.1 percent, to 11,500.82. Within the index, 21 rose, and eight were unchanged. Turnover was $211.3 million. Cinema software developer Vista Group International led the market higher, up 4.3 percent at $1.21 as it bounced back from yesterday's drop after covid restrictions were re-imposed on Auckland where community transmissi...

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