MARKET CLOSE: NZ shares rise on US futures and weakening currency

Mon, 18 May 2020

New Zealand shares followed US futures higher while the prospect of negative interest rates put pressure on the kiwi dollar, enticing investors on to the share market. The S&P/NZX 50 Index rose 27.26 points, or 0.3 percent, to 10,757.94. Within the index, 23 stocks rose, 21 fell and six were unchanged. Turnover was $124.8 million. US markets closed stronger on Friday and futures are indicating a strong session tonight, helping propel the NZ and Australian markets higher. The NZX 50 outperformed much of Asia, climbing higher with the Au...

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