"Boring" plodders rank among NZ's top 10 performing stocks

Mon, 16 Dec 2019

Boring utilities that plod on providing essential services don't usually figure in lists of high flyers, but that probably should be qualified with “only in New Zealand” where they do.Six out of the 10 best performing stocks within the benchmark S&P/NZX 50 Index year to date are either utilities or similar companies, such as a property company and a retirement village operator.Last week, Port of Tauranga was the best performer in the index, gaining 5.7 percent, and that took its year-to-date gain to almost 46 percent, or the market's fourth...

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