MARKET CLOSE: NZ shares rise as THL bolsters sentiment

Mon, 14 Sep 2020

New Zealand shares edged higher with Tourism Holdings leading the market after an upgrade to its earnings helped insulate investor sentiment from a one-week extension to current covid restrictions. The S&P/NZX 50 Index rose 42.51 points, or 0.4 percent, to 11,790.54. Within the index, 22 stocks rose, 15 fell and 13 were unchanged. Turnover was $140.6 million. Prime Minister Jacinda Ardern announced Cabinet had decided to extend current alert levels until at least next Monday, and said ministers agreed in principle to lower restrictions th...

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