MARKET CLOSE: NZ shares rise as Kathmandu gets back to business

Tue, 05 May 2020

New Zealand shares edged higher, led by Kathmandu Holdings, which will start reopening its Australian stores this week and as investors found hope in the prospect of a trans-Tasman travel bubble. The S&P/NZX Index increased 14.75 points, or 0.1 percent, to 10,490.73. Within the index, 28 stocks rose, 14 fell, and eight were unchanged. Turnover was $138.1 million. Kathmandu rose 10.7 percent to 83 cents after it said it had begun to reopen its Australian stores after a month-long closure. The majority of Kathmandu and Rip Curl stores in N...

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