MARKET CLOSE: Resilient NZ market an attractive harbour for nervous investors

Tue, 21 Jan 2020

New Zealand shares rose as the resilient local market provided an attractive harbour for investors anxious about the spread of coronavirus in China. Defensive stocks such as utilities and property companies led the gain. The S&P/NZX 50 Index rose 58.19 points, or 0.4 percent, to 11,805.14. Within the index, 21 stocks rose, 24 fell and five were unchanged. Turnover was $142.1 million. Markets across Asia took a cautionary tone today as increased fears of the coronavirus reaching epidemic proportions after the World Health Organisation call...

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