NZ stocks lift on relief rally after US elections

Thu, 08 Nov 2018

By Rebecca Howard Nov. 8 (BusinessDesk) - New Zealand shares rose as markets were relieved U midterm elections did not throw up any major political surprises. SkyCity Entertainment gained on the sale of its Darwin casino. The S&P/NZX 50 index rose 41.22 points, or 0.5 percent, to 8,896.01. Within the index, 20 stocks rose, eight were unchanged and 22 fell. Turnover was $107 million. Wall Street’s main indexes rose more than 2 percent after the midterm elections, in which Democrats wrested control of the House of Representatives and Re...

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