MARKET CLOSE: NZ shares rise for third day as optimism persists

Thu, 04 Jun 2020

New Zealand shares rose for a third day as investors remain upbeat about the potential recovery from the pandemic disruption. The S&P/NZX 50 Index advanced 104.53 points, or 0.9 percent, to 11,222.80. Within the index, 37 stocks rose, 10 fell, and three were unchanged. Turnover was $307.5 million. The benchmark index's strength has followed global markets as investors become increasingly confident the world economy would return to its former strength swiftly. Investors have been seeking bargains, buying companies that have lagged behin...

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