The plan revived investors’ appetite for riskier assets and took the wind out of elevated oil prices.
Retirement village operators paced gains as BNZ trimmed some of its longer-dated mortgage rates.
Ebos gave back earlier gains as investors eyed its shrinking margins.
Mercury NZ and NZME’s results found favour with investors.
Tourism Holdings surged on a rosier outlook.
Exporters A2 Milk and Sanford were the top gainers with the kiwi on track for its worst week since November.
Auckland Airport gained momentum through the day.
Spark and Fletcher’s earnings left investors wanting more.
The local market followed Wall Street futures rather than Australia’s lead.
The A2 Milk Co beat earnings expectations, grabbing record market share in China.