MARKET CLOSE: NZ shares rise on international vaccine excitement

Tue, 19 May 2020

New Zealand shares followed Wall Street higher as investors were encouraged by positive data from a small covid-19 vaccine trial. The S&P/NZX 50 Index rose 32.20 points, or 0.3 percent, to 10,790.14. Within the index, 35 stocks rose, eight fell and seven were unchanged. Turnover was $124.8 million. Data from a study of eight healthy adults suggested a vaccine under development by American biotechnology company, Moderna Inc, is safe and produces antibodies which fend off the virus. The data is a hopeful sign, but a doctor from Johns H...

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