Growth stocks lead NZX 50 lower

Dan Brunskill
Fri, 04 Mar 2022

Serko shares are down 30% this year. (Image: Supplied)
Serko shares are down 30% this year. (Image: Supplied)
Dan Brunskill
Fri, 04 Mar 2022
New Zealand's share market fell half a percent Friday, but the benchmark equity index still finished the week up 1.8% as it bounced back from a sell-off when Russia first invaded Ukraine.The S&P/NZX 50 Index fell 70 points, or 0.6%, to 12,141.77. Turnover was $163 million.Investors have remained focused on the financial implications of the war in Ukraine which threatens to exacerbate inflation.Commodity prices took another sharp lead overnight. The S&P GSCI index of global raw material prices was up 18% this week – the fastest...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property FREE
Money Answers: how much mortgage can I actually afford?
Frances Cook | Sat, 25 Jun 2022

This week, readers ask how they should decide as a family what they can afford in terms of buying a house – and just because you can, should you?

Health
The eyes have it
The Economist | Sat, 25 Jun 2022

Short-sightedness used to be rare. Now it's growing across the globe. Tim Cross, The Economist's technology editor, investigates its rapid rise.

On the Money
On the Money: Don Braid, Fletcher, Steve Newman and more
Victoria Young | Sat, 25 Jun 2022

OTM this week: A bit of matchy-matchy for Don Braid, the reopening of Parliament's lawns, Eroad, Fletcher and more. 

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.