Markets MARKET CLOSE

Shares fall as coronavirus woes return

Dan Brunskill
Thu, 29 Oct 2020

New Zealand shares joined a worldwide rout as Europe’s return to lockdown reminded investors the pandemic still poses a serious threat to the global economy. The S&P/NZX 50 Index fell 62.72 points, or 0.5 percent, to 12,201.80. Within the index, 38 stocks fell, nine rose and three were unchanged. Turnover was $172.3 million.As the northern hemisphere heads into winter, covid cases have been rising and country-wide restrictions are being re-imposed in France and Germany. US and European equity markets fell sharply in response...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Policy

Use quake-style powers to speed house-building: Collins

Staff reporters | Tue, 26 Jan 2021

More houses were built in the Canterbury region than any other part of the country in the last decade, thanks to quake-related powers.

Markets

Vaccines to curb F&P Healthcare sales

Dan Brunskill | Tue, 26 Jan 2021

Fisher & Paykel Healthcare's shares were up 10 percent last week but a Forsyth Barr analyst thinks demand is about to slow.

Property

Housing market "defying logic" says Oceania

Jenny Ruth | Tue, 26 Jan 2021

Demand for units last week was "extraordinary."

Shares fall as coronavirus woes return

Not convinced yet?

Your company has a subscription

Team