MARKET CLOSE: NZ shares rise as investors eye eventual recovery

Wed, 01 Apr 2020

New Zealand shares rose as investors revisited some of the hardest hit stocks as they started preparing for other side of the covid-19 crisis. The S&P/NZX50 rose 129.33 points, or 1.3 percent, to 9,926.08. Within the index, 26 stocks rose, 17 fell and seven were unchanged. Turnover was $181.3 million. Mark Lister, head of private wealth research at Craigs Investment Partners, said the slump in the March quarter came as investors braced for the worst in a global recession. While markets will likely remain volatile, Lister said investors a...

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