AFT leads NZ shares higher

Regional markets are probably placing more emphasis on a flat close by Wall Street, says Oanda analyst Jeffrey Halley. (Image: File)

Dan Brunskill

Mon, 23 May 2022

AFT Pharmaceuticals led New Zealand’s share market higher after its new painkiller helped double the company’s annual net profit. The S&P/NZX 50 Index rose 50 points, or 0.4%, to 11,316.46. Turnover was $92.6 million.Oanda analyst, Jeffrey Halley said US market futures were up today but Asian investors were still cautious about the prospect of a recession.“It is always worth taking Monday morning price action with a grain of salt and regional markets are probably placing more emphasis on a flat close by Wall Street,&...

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