NZX 50’s ‘leaky tyre syndrome’ delivers worst year in a decade

Peter McIntyre from Craigs IP said the share market was suffering from “leaky tyre syndrome”. (Image: Getty)

Tue, 14 Dec 2021

The New Zealand share market, barring a small miracle, is on track for its worst annual performance in more than a decade – a fact market participants seem surprisingly blase about. In any other year, you might expect a 4.5% fall in the benchmark equity index to result in some fairly apocalyptic headlines. Instead, a newspaper column written by Craig Investment Partners’ Mark Lister appeared under the heading: “2021 just wasn’t our year”.Peter McIntyre, also from Craigs IP, said the share market was suff...

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