MARKET CLOSE: NZ shares rise: Vista bounces back, Refining NZ jumps on review

Wed, 15 Apr 2020

New Zealand shares rose as investors recovered confidence in the long-term prospects of heavily sold stocks amid signs the covid–19 pandemic may be beginning to ease. Vista Group International, Air New Zealand and Kathmandu Holdings all notched up double-digit gains. The S&P/NZX 50 Index increased 250.92 points, or 2.5 percent, to 10,409.94. Within the index, 44 stocks rose and six fell. Turnover was $340 million. Investors were cheered by the slowing pace of new covid-19 cases in New Zealand and the increasing the likelihood lockdown co...

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