The Markets
Travel stocks up as NZ border reopens
Thursday 3rd of February 2022
The S&P/NZX 50 Index rose 45 points, or 0.4%, to 12,335.32. Turnover was $143.7 million.
Investors rushed to buy some travel stocks after the government announced a plan to reopen the border, just as the omicron outbreak is expected to take hold.
Trans-Tasman travel will be the first to open on Feb 27, with borders fully reopened in five steps by October this year.
Arrivals will still have to self-isolate for 10 days and take three rapid antigen tests but will no longer have to spend time in a managed isolation.
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