Shares soar amid flurry of local news

Wed, 25 Nov 2020

Most New Zealand shares rose amid a flurry of mixed news from local companies and increasing confidence shown by offshore investors. The S&P/NZX 50 Index rose 114.60 points, or 0.9 percent, to 12.667.98. Within the index, 29 stocks rose, 15 fell and six were unchanged. Turnover was $280.3 million.Overnight, US financial markets continued to trade on the expectation that vaccines could mean 2021 would be a return to normal, with further encouragement coming from President-Elect Joe Biden naming a dovish former chair of the US Federal Re...

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