NZX50 soars as Meridian joins $20b club

Tue, 29 Dec 2020

The expansion of the US fiscal stimulus helped New Zealand's share market extend its Christmas Day rally with Meridian Energy leading the market deeper into record territory.The S&P/NZX 50 Index rose 208.83 points, or 1.6 percent, to 13,037.94. Within the index, 34 stocks rose, nine fell, and seven were unchanged. Turnover was quiet at $77.2 million. US indices climbed to new records after US President Donald Trump signed the long-awaited pandemic relief stimulus bill despite initially demanding the US$600 stimulus cheque was incre...

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