MARKET CLOSE: NZ shares plunge as country prepares for shutdown

MARKET CLOSE: NZ shares plunge as country prepares for shutdown
Dan Brunskill
The share market plunged more than 7 percent today as the Prime Minister confirmed evidence of community transmission of covid-19 and announced the country had 48 hours to prepare for strict isolation. The S&P/NZX50 fell 697.72 points, or 7.6 percent, to 8,98.70. Within the index, 49 stocks fell, and one rose. Turnover was $267.2 million. The government today ratcheted up its response to the mounting virus outbreak by imposing a national lockdown from 11.59pm Wednesday. All bars, restaurants, cafes, cinemas, civic amenities and all non...

More Markets

Smart CEO Anna Scott resigns
Markets

Smart CEO Anna Scott resigns

Anna Scott will take up her new role on October 1.

Fonterra’s NZ milk collections hit five-year high
Primary Sector

Fonterra’s NZ milk collections hit five-year high

The increased production comes as forecast milk prices point to record levels.

Retailers say unseasonable weather compounded woes
Retail

Retailers say unseasonable weather compounded woes

The Warehouse Group and KMD Brands have both downgraded guidance in recent weeks.