NZ's Hallenstein Glasson hits over 2-month high as stores re-open

Hallenstein Glasson Holdings

13/05/2020 01:27

** Shares of retailer Hallenstein Glasson Holdings  HLG.NZ 
rise as much as 3.8% to NZ$4.36, their highest level since March
12
    ** Co announces phased reopening of NZ retail stores from
May 14; it has started progressively opening stores in Australia
 urn:newsml:reuters.com:*:nFWN2CU1EJ
    ** Co expects online sales to form much larger share of
total sales in the future and to trade profitably from May
onwards 
    ** Stock posts its biggest intraday pct gain since April 9
and is set for a sixth straight day of gains 
    ** As of last close, stock down 30.5% this year

 (Reporting by Shriya Ramakrishnan in Bengaluru)
 ((Shriya.Ramakrishnan@thomsonreuters.com;))