MARKET CLOSE: NZX50 hits record as Asia recovers from virus fears

Wed, 22 Jan 2020

The S&P/NZX 50 Index rose to a record as investor confidence recovered from yesterday's fears over the outbreak of coronavirus in China. A2 Milk led the gain. The benchmark index advanced 84.54 points, or 0.7 percent, to 11,889.68. Within the index, 24 stocks rose, 23 fell, and three were unchanged. Turnover was $185.9 million. “We are performing well, as is most of Asia today, and are seeing a number of stocks hold up quite nicely on a reasonable trading volume,” said Peter McIntyre, an investment adviser at Craigs Investment Partners....

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