Shares fall as covid case causes concern

Tue, 26 Jan 2021

New Zealand shares were generally weaker as the covid case in Northland triggered some caution among investors who have pinned their hopes on a fast recovery from the pandemic. The S&P/NZX 50 Index fell 75.64 points, or 0.6 percent, to 13,323.46. Within the index, 26 stocks fell, 16 rose and eight were unchanged. Turnover was $118 million, lighter than usual with Australian traders off work for a national holiday. Investor confidence faded over the weekend, as the pandemic delivered yet another round of bad news, said BNZ economi...

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