NZ shares rise as nationwide lockdown ends

Tue, 07 Sep 2021

New Zealand shares took another step higher, led by stocks that are likely to benefit from the end of lockdown in much of the country. The S&P/NZX 50 Index rose 21.96 points, or 0.2%, to 13321.99 – now up almost 5% this month and down just 0.3% this year. Turnover was $143 million.Kathmandu led the gains on the index, rallying 4.3% to $1.47, as investors picked retail stocks that would benefit when the national lockdown ends on Tuesday night.Analysts from Forsyth Barr tried to quantify which stocks were most affected by th...

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