MARKET CLOSE: NZ shares rise as oil price recovery lifts investor sentiment

Thu, 23 Apr 2020

New Zealand shares snapped a three-day decline as global oil prices stabilised and upbeat investment sentiment on Wall Street flowed through to the local market. Refining NZ bounced back from yesterday's sharp drop. The S&P/NZX50 Index rose 28.44 points, or 0.3 percent to 10,446.11. Within the index, 35 stocks increased, 11 fell, and four were unchanged. Turnover was $144.8 million. Investor sentiment improved after a strong lead from Wall Street where investors were buoyed by news of a US$500 billion stimulus package pushed the three b...

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