NZX50 books its best month in six years, rebounds after horror third quarter

Sun, 01 Nov 2015

By Suze Metherell Nov. 2 (BusinessDesk) - The S&P/NZX 50 Index has booked its best month since the global financial crisis, climbing to record levels in October, as volatility in international markets abated, renewing the demand for returns on equities as low interest rates persist. The benchmark index advanced 7 percent in October, touching an intraday high of 6014.48 on Oct. 27 and closing at a record 6002.97 last Thursday. Last month's climb is the biggest since July 2009, when the NZX 50 rose 7.9 percent during the volatile trading of...

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