MARKET CLOSE: NZ shares mixed as investors turn cautious

Wed, 20 May 2020

NZ shares were mixed as cautious traders faced up to the realities of the ongoing economic crisis. The S&P/NZX 50 Index fell 2.08 points, or 0.02 percent, to 10,788.06. Within the index, 23 stocks rose, 20 fell and seven were unchanged. Turnover was $110.6 million. Investors became cautious today after experts expressed scepticism about Moderna’s vaccine trial and the International Monetary Fund warned the world’s economy will take longer to recover from the pandemic than earlier expected. Markets jumped yesterday after Moderna's repor...

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