Travel stocks up as NZ border reopens

Thu, 03 Feb 2022

Travel stocks rose higher in local trading as the government announced it would begin to reopen the borders, although omicron still threatens to disrupt the sector. The S&P/NZX 50 Index rose 45 points, or 0.4%, to 12,335.32. Turnover was $143.7 million.Investors rushed to buy some travel stocks after the government announced a plan to reopen the border, just as the omicron outbreak is expected to take hold.Trans-Tasman travel will be the first to open on Feb 27, with borders fully reopened in five steps by October this year.Arrivals w...

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