
The Markets
Shares rise as tough quarter ends
Wednesday 31st of March 2021
The S&P/NZX 50 Index rose 113.9 points, or 0.9% , to 12,560.7. Within the index, 36 stocks rose, 11 fell, and three were unchanged.
Turnover was $320 million, higher than usual due to fund managers rebalancing their portfolios at the end of the first quarter.
Greg Smith, head of research at Fat Prophets, said the market was having a “risk-on day” as investors bec...
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