MARKET CLOSE: NZ shares gain; Wall Street rally brings out bargain hunters
New Zealand shares rose for a second day as a strong rally on Wall Street brought out investors on the prowl for bargains. The S&P/NZX 50 Index advanced 155.23 points, or 1.7 percent to 9,264.38. Within the index, 46 stocks rose, and four fell. Turnover was $261 million. Eq...
Recovery rally on NZX as Ryman bounces back
New Zealand shares bounced back from yesterday’s sharp selloff with Ryman Healthcare leading the way in afternoon trading as it pulled its earnings guidance and said construction will be suspended through the national lockdown. The S&P/NZX50 Index rose 408.03 points, or 4.8 pe...
Airlines told to find ways to keep freight moving
Transport Minister Phil Twyford wants airlines to put forward proposals to keep capacity on key air freight routes for at least the next six months.Up to $330 million will be made available to ensure those routes are maintained, and to deal with any other issues that may arise in...
‘Bloodbath’ on local market; NZX50 slumps 10%
The S&P/NZX 50 Index slumped more than 10 percent for the first time ever as investors dumped shares as the government prepares to put New Zealand into lockdown.The benchmark index sank 943.79 points, or 10.3 percent, to 8,252.48 at 3pm in Wellington, the lowest level in two year...
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