NZX50 poised for double-digit growth in 2020

Thu, 31 Dec 2020

The S&P/NZX 50 Index is poised to deliver double-digit growth in 2020 as stock markets roared out of the covid-19 slump in March on the back of massive government and central bank responses around the world.The benchmark stock index is up 15 percent so far this year with just one abbreviated day of trading to go. Since the March nadir, when fears about the pandemic were at their peak, the NZX50 has soared 61 percent.Already in uncharted territory, the local stock market may push higher with stocks on Wall Street gaining overnight amid optim...

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