2015 IN REVIEW: More modest NZ stock market returns signal end of golden run

Wed, 23 Dec 2015

By Sophie Boot Dec. 23 (BusinessDesk) - New Zealand's benchmark stock index is heading for its smallest annual gain in four years, in a year led by low interest rates rather than strong company news. The benchmark NZX 50 Index rose 11.1 percent so far this year, slowing from last year's 18 percent gain. In 2013, the market grew 16 percent; in 2012, 25 percent. "Overall share prices have been driven by the low interest rate environment more than earnings growth from companies," said Grant Williamson, director at Hamilton Hindin Greene. ...

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