NZX50 recovers from horror open in volatile trading

Fri, 13 Mar 2020

New Zealand shares slumped almost 5 percent today, as the volatile market recovered some ground as the worsening pandemic triggered a historic global selloff.The S&P/NZX 50 Index dropped 506.41 points, or 4.9 percent, to 9,826.86, its lowest close since April. Within the index, 48 stocks fell and two rose. Turnover was $278 million.Volatile trading saw the local index fall as much as 8 percent before clawing back some of those losses once Australian markets opened.Overnight global equity markets crashed as investors became concerned that go...

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