NZ shares outperform Asia as blue chips bounce back

Tue, 22 Dec 2020

New Zealand’s share market outperformed Asian bourses as blue-chip stocks Meridian Energy and A2 Milk bounced back from recent weakness, and a weaker kiwi underpinned exporters including Fisher & Paykel Healthcare.The S&P/NZX 50 Index advanced 234.95 points, or 1.9 percent, to 12,842.69. Within the index, 30 stocks rose, 14 fell, and six were unchanged. Turnover was $208.3 million.New Zealand’s bourse was a bright star among Asian stock markets, with most in the red as investors fretted over the new strain of covid-19 threat...

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