MARKET CLOSE: NZX50 back in positive territory on optimism over recovery

Mon, 08 Jun 2020

The S&P/NZX 50 Index is back in positive territory after strong US employment data on Friday and the announcement the further easing of local covid-19 restrictions stoked investor optimism about the pandemic recovery. The benchmark index rose 352.50 points, or 3.2 percent, to 11,524.16. It is now 0.1 percent higher than it started the year. Within the index, 45 stocks rose, three fell, and two were unchanged. Turnover was $147.3 million with trading somewhat subdued with the Australian market closed for the Queen's Birthday holiday. ...

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