NZ equities and dollar follow GDP higher

Thu, 17 Dec 2020

An historic bounce in New Zealand’s gross domestic product buoyed investors' sentiment spurring equities and the kiwi dollar higher. The S&P/NZX 50 Index rose 59.78 points, or 0.5 percent, to 12,888.77. Within the index, 28 stocks fell, 17 rose and five were unchanged. Turnover was $160.4 million.Data released by StatsNZ today showed gross domestic product expanded 14 percent in the September quarter, a stronger than expected rebound from the previous quarter which recorded an 11 percent contraction due to covid lockdowns, a...

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