28 Apr 2020

NZ sharemarket rises, but warnings economic drama not over

From Checkpoint, 5:32 pm on 28 April 2020

The New Zealand sharemarket has risen sharply today but there are warnings that the wild ride is not over.

The NZX50 followed global markets as lockdown measures start to ease around the world.

But the head of a KiwiSaver fund has stopped buying shares himself and predicts there will be more waves of selling.

Sharon Brettkelly looks at what's happened and why people are rushing to buy shares, even in companies that are struggling to survive.