Level 2 details boost Tourism Holdings, Restaurant Brands
The S&P/NZX 50 Index advanced 76.39 points, or 0.7 percent, to 10,649.23. Within the index, 32 stocks rose, 13 fell, and five were unchanged. Turnover was $182.6 million.
Investors were buoyed by Ardern's announcement, which washed away an unenthusiastic lead from Wall Street. A decision on when to move to level 2 will be made on Monday.
“There was a lot of optimism in the Prime Minister’s wording, and I think also some of the activities that are able to proceed in level 2 probably surprised the market a little as well,” said Peter McIntyre, an investment adviser at Craigs Investment Partners.
The level 2 restrictions let people have contact with a wider range of people – family, friends, and workmates – and also with strangers, in settings such as shops, restaurants, bars, events and airports.
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