NZX50 climbs 14% in 2020 as covid whipsaws markets

Thu, 31 Dec 2020

After a tumultuous year, which saw the fastest market crash and recovery in history, New Zealand’s benchmark stock index finished 2020 up almost 14 percent.In today’s abbreviated trading session, the S&P/NZX 50 Index fell 125.5 points, or 1 percent, to close at 13,091.64, pulled lower by profit-taking among electricity stocks.“It’s a pretty typical half-day trading, with a lot of the players on holiday and not a lot of movement across the board,” said Grant Williamson, a director at Hamilton Hindin Greene.Withi...

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