NZ shares bounce from week's losses

Fri, 05 Feb 2021

New Zealand’s benchmark index eked out a small gain on Friday, closing a week plagued by market volatility and steadily climbing interest rates. The S&P/NZX 50 Index rose 61.73 points, or 0.5 percent, to 13,053.87. Within the index, 35 stocks rose, 10 fell and five were unchanged. Turnover was $152 million.BNZ interest rate strategist Nick Smyth said risk sentiment had returned as investors put the GameStop drama behind them. Despite the bounce the index still fell more than half percent this week. This weakness in t...

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