MARKET CLOSE: NZ shares rise for tenth session

Tue, 13 Oct 2020

New Zealand shares rose for a tenth consecutive session as low interest rates and hopes for fiscal stimulus lure investors into the stock market. Financial stocks led the gains.The S&P/NZX 50 Index advanced 96.96 points, or 0.8 percent, to 12,453.85. Within the index, 28 stocks rose, 15 fell and seven were unchanged. Turnover was $181.5 million.The market has been making steady gains throughout October, adding 6 percent to the benchmark index, as investors expected US fiscal stimulus and possibly a vaccine to emerge during the quarter. ...

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