NZ shares rise as covid-19 crater passes
The S&P/NZX 50 Index rose 305.53 points, or 2.9 percent, to 10,778.72. Within the index, 41 stocks increased, six fell and three were unchanged. Turnover was $354.4 million.
The local benchmark is up more than 8 percent from the close before Easter weekend as the number of new virus cases continues to fall.
Greg Smith, head of research at Fat Prophets, said the positive end to an already strong week was a sign of investor optimism.
Share markets across Asia gained after US President Donald Trump indicated he would begin reopening the US economy with a staged exit from lockdown. In New Zealand, investors continued to expect restrictions to ease after just eight new confirmed and probable cases of covid–19 were reported today.
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