MARKET CLOSE: NZ shares snap rally as investors digest looser lockdown

Mon, 20 Apr 2020

New Zealand shares snapped a five-day rally as investors digested the impact of government plans to loosen the national lockdown next week. The S&P/NZX 50 Index fell 16.05 points, or 0.1 percent, to 10,762.67. Within the index, 24 stocks declined, 21 rose, and five were unchanged. Turnover was $177.8 million. Prime Minister Jacinda Ardern today announced the national lockdown would be extended until Tuesday, April 28, adding an extra five days - although only two working days - to the initial four-week period. From next Tuesday, all bus...

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