Who would have thought: Shares rise despite lockdown extension

The S&P/NZX 50 Index rose 106.5 points, or 0.8%, to 13,170.89. Turnover was $258 million.

Late in the afternoon, prime minister Jacinda Ardern announced NZ’s biggest city would remain at level 4 for another eight days, before moving to level 3 if conditions allowed.

If investors were hoping for a swift end to Auckland’s lockdown, they didn’t show it.

Some of the listed companies most affected by covid restrictions were among some of the best performing stocks on the market today.