NZ shares break losing streak
The S&P/NZX 50 Index rose 121.84 points, or 1%, to 12,304.09. Within the index, nine stocks fell and 39 rose.
The index finished last week down almost 9% year-to-date after having just five positive days in the past month - meanwhile US indices gained 1-to-2% across the past week and are up more than 10% this year.
This week investors seemed to sense opportunity and sent the vast majority of stocks up in a broad-based rally.
Port of Tauranga led the market higher, jumping 3.9% to $7.49. Tourism Holdings climbed 3.6% to $2.58, followed by Pacific Edge which climbed 3.6% to $1.19 - just below its record high.
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