Goodman Fielder leads bounceback

 In Australia, NewZealand

New Zealand shares bounced from a four-week low yesterday as investors shrugged off the negative headlines in Europe, where the region’s bail-out fund was downgraded, and embraced better than expected economic growth in China. Dual-listed Australian stocks paced gainers.


The NZX 50 Index rose 24.17 points, or 0.8 per cent, to 3234.8, recouping all of Monday’s loss. Within the index, 36 stocks rose, nine fell and five were unchanged. Turnover was $66.7 million. The New Zealand Herald – Read more…
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