NZ shares stabilise as buyers bag bargains

US president, Joe Biden, announced a ban on Russian oil and gas imports. (Image: supplied)

Wed, 09 Mar 2022

New Zealand shares got some respite today snapping a four-day decline which saw the benchmark index drop more than 4%.The S&P/NZX 50 Index rose 40 points, or 0.3%, to 11,785.13. Turnover was $172 million.US markets had another volatile night but spent much of it trading in positive territory and the S&P 500 closed just 0.7% lower.There are some hints the peace talks between Russia and Ukraine may be making progress behind the scenes, although there haven’t been any public announcements.US president Joe Biden announced a ban on Rus...

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