NZ shares bounce on better mood

Wed, 16 Dec 2020

Most New Zealand shares bounced back from Tuesday’s moment of weakness as financial market sentiment swung back towards optimism overnight.The S&P/NZX 50 Index rose 61.82 points, or half a percent, to 12,828.99. Within the index, 26 stocks rose, 17 fell and seven were unchanged. Turnover was $300.3 million.Indices on Wall Street broke a four-day losing streak on Tuesday night, each climbing more than 1 percent as investors became more optimistic about the chance of a Brexit trade deal and a new US fiscal support package. Director...

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