NZ shares and dollar rise as optimism lingers

Mon, 16 Nov 2020

New Zealand shares and the kiwi dollar both gained as investors remained positive that a covid-19 vaccine could soon be available. The S&P/NZX 50 Index rose 44.75 points, or 0.4 percent, to 12,744.92. Within the index, 26 stocks fell, 15 rose and nine were unchanged. Turnover was $156.2 million.On Friday, both US covid-19 cases and the S&P 500 hit new records, investors seem less concerned with the rising case numbers now a promising vaccine has emerged. The kiwi dollar climbed to 68.77 US cents at 5pm in Wellington, u...

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