Business News
New Zealand stocks rally after week of falls
Nov 25, 2008, 4:52 GMT
Wellington - The New Zealand stock market rallied Tuesday after falling for more than a week, with analysts saying investors did some bargain hunting, apparently buoyed by the Citigroup rescue which returned a little confidence to Wall Street.
The benchmark NZX-50 index closed up 2.31 per cent, having risen 59.40 points to 2634.88.
Leading stocks, including Telecom, Fletcher Building and Contact Energy, all rose in price.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
