MARKET CLOSE: NZ shares rise as investors anticipate swift move to level 2

Tue, 28 Apr 2020

New Zealand shares rose in the first day of looser lockdown restrictions with investors optimistic that low infection rates could see the economy opened up further. The S&P/NZX Index climbed 340.08 points, or 3.3 percent, to 10,759.56. Within the index, 34 stocks rose, nine fell and seven were unchanged. Turnover was $181.6 million. Trading resumed today after the long Anzac weekend, following a strong lead from Wall Street overnight with investors looking forward to looser restrictions for the global economy. Locally, just three ne...

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