MARKET OPEN: Looser restrictions likely to keep investors upbeat

Tue, 12 May 2020

The New Zealand market may continue to run higher as investors continue to look beyond covid-19 to recovery with the economy poised to reopen. Investors were cheered yesterday when Prime Minister Jacinda Ardern announced the economy would start reopening on Thursday, helping lift the S&P/NZX 50 Index 0.6 percent. The market is now down only 6.4 percent since the start of 2020. Retailers, travel and entertainment companies, such as Kathmandu Holdings, Sky Network Television, SkyCity Entertainment Group and Auckland Internatio...

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