NZX50 runs out of puff as kiwi marches higher

Thu, 26 Nov 2020

The S&P/NZX 50 Index ran out of puff after reaching elevated levels as investors booked profits on recent gains, and a resurgent kiwi dollar threatens to derail local export earnings.The benchmark index fell 65.96 points, or 0.5 percent, to 12,602.02. Within the index, 29 stocks fell, 18 rose, and three were unchanged. Turnover was $172.4 million.The local bourse has joined other stock markets in trading at elevated levels as near-zero interest rate policies push investors into equities in their search for positive returns, and on growing o...

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