MARKET CLOSE: NZ shares rise in late rally as blue chips gain

MARKET CLOSE: NZ shares rise in late rally as blue chips gain
Dan Brunskill
New Zealand shares rose as a strong rally in Australia helped overcome the subdued tone set over the weekend, and as investors were heartened by news that no new local covid-19 infections had been reported in the past 24 hours.  The S&P/NZX 50 Index increased 26.97 points, or 0.3 percent, to 10,475.98. Within the index, 16 stocks rose, 31 fell, and three were unchanged. Turnover was $123.7 million.  A gloomy lead from Wall Street on Friday prompted the local market to fall as much as 1.5 percent in morning trading, with investors fretting...

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