MARKET CLOSE: NZ shares rise as yield stocks trump Asian volatility

Tue, 14 Jul 2020

New Zealand shares rose as investors sought property stocks paying reliable dividends amid concerns over the covid-19 pandemic and heightened tensions between the US and China. The S&P/NZX 50 Index advanced 59.35 points, or 0.5 percent, to 11,494.14. Within the index, 29 stocks rose, 17 fell, and four were unchanged. Turnover was $129 million. Trading on the benchmark was volatile as investors swayed between the covid-19 outbreak worsening offshore and a more positive outlook in the domestic economy. Investor demand for reliable dividend...

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