MARKET CLOSE: NZ shares rise on bullish earnings

Fri, 21 Aug 2020

New Zealand's main shares index ended the week on an upbeat note as investors were encouraged by bullish earnings results. Skellerup Holdings led the market after it repeated last year's record result. The S&P/NZX 50 Index rose 173.78 points, or 1.5 percent, to 11,835.94. Within the index, 42 stocks rose, four fell and four were unchanged. Turnover was $193.3 million. A week of earnings results that came out better than investors had expected, combined with the likelihood of the level-3 lockdown ending in Auckland next week, stirred up a...

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