MARKET CLOSE: NZ shares rise as property stocks buoyed on Stride dividend

Wed, 29 Jul 2020

New Zealand shares were buoyed by property stocks on news that Stride Property was maintaining its dividend despite the impacts of the covid-19 pandemic and lockdown. The S&P/NZX 50 Index increased 21.17 points, or 0.2 percent, to 11,599.44. Within the index, 27 stocks fell, 17 rose, and seven were unchanged. Turnover was a lighter $100.1 million. Global trading has been tentative in recent days as investors await the outcome of the US Federal Reserve's policy review and whether US policymakers will agree to further fiscal stimulus. Majo...

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