MARKET CLOSE: NZ shares rise as the economy reopens; Sky TV soars

Mon, 11 May 2020

New Zealand shares rose as investors welcomed Prime Minister Jacinda Ardern's announcement that the economy would reopen over the next 10 days. Sky Network Television led the market higher, joined by retail, entertainment and travel companies. The S&P/NZX 50 Index advanced 65.7 points, or 0.6 percent, to 10,760.29. Within the index, 30 stocks rose, 10 fell, and 10 were unchanged. Turnover was $140 million. New Zealand will move out of alert level 3 lockdown on Thursday this week, although a phased approach means bars will have to wait...

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