MARKET CLOSE: NZX50 climbs back above 10,000 as new virus cases fall

Wed, 08 Apr 2020

The S&P/NZX 50 Index closed above 10,000 for the first time in almost a month as dwindling numbers of new covid-19 cases helped buoy some of the most exposed sectors of tourism, retail and aged care. The benchmark index increased 2.3 percent to 10,031.66, the highest close since March 12. Within the index, 29 stocks rose, 16 fell, and five were unchanged. Turnover was $314 million. Investors welcomed signs of the pandemic's spread slowing down, with China's Wuhan ending a two-month lockdown, and Austria announcing plans to reopen the cou...

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