New Zealand shares rallied strongly after the Reserve Bank’s surprise 0.5% percentage point cut in the official cash rate, driving the S&PNZX50 index up 1.9% on the day.
Big dividend paying blue chips were major gainers, with Mercury up 5.6%, Spark up 3.5% and energy companies Meridian,
Want to read more? It's easy.
Choose your best value subscription option
Student
Exclusive offer for uni students studying at a New Zealand university (valued at $499).
