MARKET CLOSE: NZ shares rise with Aussie market

Mon, 05 Oct 2020

New Zealand shares tracked their Australian counterparts higher as the ASX rallied on a billion-dollar apprenticeship wage subsidy and the news US president Donald Trump was reportedly recovering quickly from a covid-19 infection. The S&P/NZX 50 Index rose 75.42 points, or 0.6 percent, to 11,898.26. Within the index, 26 stocks rose, 16 fell and eight were unchanged. Turnover was $108 million.The Australian federal government announced on Sunday it would pay out a further A$1.2 billion to subsidise the wages of apprentices. The new mone...

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