NZ shares rise as tourism stocks recover

Tue, 29 Jun 2021

New Zealand’s benchmark equity index gained a few points as Stride Property climbed and tourism stocks recovered on a partial reopening of the trans-Tasman bubble. The S&P/NZX 50 Index rose 36.07 points, or 0.3%, to 12,639.82. Turnover was $194.2 million.Most offshore equity markets were flat or weaker overnight and commodity currencies underperformed as a risk-off mood pervaded financial markets. The local market, which has been underperforming – down 5.4% this year – made marginal gains with mixed news from li...

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