NZ shares bounce back from sell-off

Fri, 29 Jan 2021

Most New Zealand shares bounced back from a surprise sell-off yesterday, which wiped out the month's gains, as investors were encouraged by earnings results from US tech firms.The S&P/NZX 50 Index rose 40.83 points, or 0.3 percent, to 13,127.29. Within the index, 34 stocks rose, 14 fell and two were unchanged. Turnover was $158.1 million.Shares in both NZ and the US recorded some recovery today after Wall Street investors were forced to sell some stocks on Wednesday to cover short positions in GameStop. Chris Smith, general manager...

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