Shares bounce after five-day rout

Tue, 16 Feb 2021

New Zealand's main share index bounced after a five-day slide as global equity markets continued to run further into record territory. The S&P/NZX 50 Index rose 100.2 points, or 0.8 percent, to 12,610.72. Within the index, 25 stocks rose, 16 fell and nine were unchanged. Turnover was $195.9 million.While other share markets have kept climbing in recent times, NZ’s has not. The index has fallen almost 4 percent this year, even after today’s bounce. Craig Brown, a portfolio manager at ANZ, said prices across the mark...

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