NZ shares fall on first day of NZ's omicron outbreak

Ella Somers
Mon, 24 Jan 2022

Trainee reporter
funded through
"The one stock that's doing quite well today is Fisher & Paykel Healthcare ..."
"The one stock that's doing quite well today is Fisher & Paykel Healthcare ..."
Ella Somers
Mon, 24 Jan 2022
New Zealand shares and the kiwi dollar fell on Monday as investors eye up whether the spreading omicron outbreak will prompt the US Federal Reserve to signal faster and steeper interest rate hikes on Thursday.The S&P/NZX 50 Index dropped 156.94 points, or 1.3%, to 12,191.06 today, and is down almost 6.5% so far this year in what’s been a slow start for equity markets as the prospect of rising interest rates saps the relative allure of shares. Turner was $112.2 million, with Wellington traders out for the region’s anniversary hol...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
F&P Healthcare drags NZX 50 lower
Dan Brunskill | Wed, 25 May 2022

Markets were also surprised by RBNZ's plans to keep hiking the official cash rate until it hit 4%.

Homeowners to feel pain next year when home rates hit 6%
Brent Melville | Wed, 25 May 2022

There's no need for leveraged homeowners to panic as interest rates ratchet up, but stress could start being felt downstream as more rate hikes seem on the cards.

Reserve Bank will hike but not as much as it says
Rebecca Howard | Wed, 25 May 2022

The Reserve Bank of NZ now expects the official cash rate to peak at 3.9% in June 2023, up from its February view that it would peak at 3.4% in September 2024.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager