NZ shares cap off 10-year bull market with 0.9% weekly gain

Fri, 08 Mar 2019

By Jenny Ruth March 8 (BusinessDesk) - New Zealand shares rallied into the 10th anniversary of the longest bull market in share market history, gaining 0.9 percent this week after central banks around the world indicate interest rates will remain low and might go even lower. The benchmark S&P/NZX 50 Index gained 2.91 points, or 0.3 percent, to 9440.27 today. Within the index, 22 shares rose, 8 were unchanged and 20 fell with turnover at $149.2 million. Greg Smith, head of research at Fat Prophets, says that in a low interest rate envir...

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