Shares rise as investors anticipate swift move to level 2
The S&P/NZX Index climbed 340.08 points, or 3.3 percent, to 10,759.56. Within the index, 34 stocks rose, nine fell and seven were unchanged. Turnover was $181.6 million.
Trading resumed today after the long Anzac weekend, following a strong lead from Wall Street overnight with investors looking forward to looser restrictions for the global economy.
Locally, just three new cases of covid-19 were reported today, giving investors confidence that a move to alert level 2 might come sooner than expected, investment adviser at Craigs Investment Partners, Peter McIntyre said.
“Over the weekend our covid numbers seemed to be under control and there is a lot of confidence going into level 3,” he said.
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