NZX 50 finishes first week of 2021 up 3%

Fri, 08 Jan 2021

New Zealand shares rose 3 percent in the first week of trading as investors focused on economic recovery, rather than the pandemic and political unrest in the United States. The S&P/NZX 50 Index today rose 72.52 points, or half a percent, to 13,558.19. Within the index, 29 stocks rose, 18 fell and three were unchanged. Turnover was $232.5 million.Telecommunications firm Spark New Zealand led the market higher, rising 3.8 percent to $4.90, with network provider Chorus not far behind, up 2.8 percent at $8.05.However, electricity generato...

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