MARKET CLOSE: NZ shares rise as investors catch up with Australian gains

Fri, 07 Feb 2020

New Zealand shares rose today, as investors played catch up to the Australian market which rose sharply on Thursday while the local market was closed for Waitangi Day. The S&P/NZX 50 Index rose 156.8 points, or 1.4 percent, to 11,760.88. Within the index, 31 stocks rose, 17 fell and two were unchanged. Turnover was $219.8 million. Overnight, global equities rebounded on the news that China’s Ministry of Finance would halve additional tariffs levied against 1,717 US goods and following better-than-expected US corporate earnings results and...

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