Choppy trading on market but tide rises
The S&P/NZX Index increased 58.38 points, or 0.5 percent, to 10,818.67. Within the index, 25 stocks rose, 22 fell, and three were unchanged. Turnover was $200.7 million.
The NZX saw choppy trading today and was in negative territory for much of the session as investors continued to grapple with economic life returning to a new normal.
Grant Davies, an investment adviser at Hamilton Hindin Greene, said the stocks most affected by the virus were moving in different directions as they adapted to new conditions.
“It’s mixed trading, with ‘covid stocks’ going in all directions,” he said.
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