MARKET CLOSE: NZ shares rise in step with ASX

Mon, 10 Aug 2020

Shares in New Zealand’s benchmark index were buoyed by strength in the Australian market and an as-expected earnings report from Contact Energy. The S&P/NZX 50 closed up 0.3 percent, or 36.76 points, at 11,683.44. Within the index, 31 stocks were up, 14 were down and five were unchanged. Turnover was $112.5 million. Stocks with exposure to the Australian market led gains on the local market as new fiscal stimulus in the United States, which investors expect to support the global economy, helped to start the week with a bounce. Australi...

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