MARKET CLOSE: NZ shares outperform Asia as global markets rally

MARKET CLOSE: NZ shares outperform Asia as global markets rally
Dan Brunskill
New Zealand shares outperformed the rest of Asia as stock markets across the globe followed Wall Street higher after US presidential hopeful Joe Biden took the lead in the race to become the Democratic Party's nominee.  The S&P/NZX 50 Index rose 223.11 points, or 2 percent, to 11,640.89. Within the index, 37 stocks rose, eight fell, and five were unchanged. Turnover was $256.9 million. Investors shook off some of their recent concerns about the covid-19 outbreak, taking heart from the prospect of a more palatable US presidential contender...

More Markets

Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
ASX: Australian shares slide to a two-week low as tech drags
Markets

ASX: Australian shares slide to a two-week low as tech drags

Every sector of the Australian share market has lost ground.

AAP 26 Jul 2024
NZ sharemarket down 0.38%
Markets Market close

NZ sharemarket down 0.38%

The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.

Graham Skellern 26 Jul 2024
The Warehouse’s plight in five charts
Retail Charts

The Warehouse’s plight in five charts

The private equity bid shows the company’s future is still anyone’s guess.

Gregor Thompson 26 Jul 2024