NZ shares rise despite SkyCity falling 5%

Tue, 08 Jun 2021

US employment data released over the weekend sent most share markets higher, although the local bourse made limited gains as a money laundering probe saw SkyCity Entertainment tumble. The S&P/NZX 50 Index rose 21.38 points, or 0.2%, to 12,517.65. Turnover was higher than usual at $335.9 million. Within the NZ50, 29 stocks were down, 16 up and five unchanged.Nick Smyth, an interest rate strategist at BNZ, said the US nonfarm payrolls report showed lower-than-expected job growth but had delivered the 'goldilocks' outcome investor...

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