NZ shares break losing streak

Mon, 31 May 2021

NZ shares made broad gains with almost all stocks climbing as investors bought heavily sold stocks as market interest rates fell slightly. The S&P/NZX 50 Index rose 121.84 points, or 1%, to 12,304.09. Within the index, nine stocks fell and 39 rose. The index finished last week down almost 9% year-to-date after having just five positive days in the past month - meanwhile US indices gained 1-to-2% across the past week and are up more than 10% this year. This week investors seemed to sense opportunity and sent the vast majority...

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