The Markets

US stimulus sign off sees NZ shares surge

Friday 12th of March 2021

The S&P/NZX 50 Index rose 154.29 points, or 1.3%, to 12,426.77. Within the index, 34 stocks rose, 11 fell, and five were unchanged. Turnover was $199.7 million.

BNZ interest rate strategist Nick Symth said markets traded with a risk-on tone overnight with the S&P 500 rising to a new all-time high and the tech-heavy Nasdaq up more than 2.5%.

“The Nasdaq continues to...

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