NZ shares rise as bond yields ease

Dan Brunskill
Wed, 10 Mar 2021

Air New Zealand led the market higher, climbing 3.5% to $1.645.
Air New Zealand led the market higher, climbing 3.5% to $1.645.
Dan Brunskill
Wed, 10 Mar 2021
Most New Zealand shares rose as bond yields fell from an 18-month high giving equity markets some more room to run. The S&P/NZX 50 Index rose 106.75 points, or 0.9%, to 12,251.9. Within the index, 25 stocks rose, 20 fell, and five were unchanged. Turnover was $168 million.Peter McIntyre, an investment advisor at Craigs Investment Partners, said the rising long term bond yields had been causing “havoc” and prompting rotation away from high priced stocks. Today, the yield on a 10-year government bond fell to 1.8% having...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
Positive earnings lift NZ sharemarket
Dan Brunskill | Fri, 20 May 2022

The NZ market was one of the few climbing markets as investors in other parts of the world worried about the risk of a global recession.

Law & Regulation
Unlawful collection of Companies Office fees fixed under urgency
Ian Llewellyn | Fri, 20 May 2022

The Companies Office's administration of fees may have saved costs, but the problem is it was against the law.

Markets FREE
Brian Gaynor: legacy of a towering financial figure
Brenda Ward | Fri, 20 May 2022

At his funeral in Auckland, family, friends and colleagues of Brian Gaynor recalled a passionate man who had the confidence and courage to back his sometimes controversial opinions.

Partner content
What’s driving the ram raids, and what shop owners can do

Scott La Franchie explains the motivations behind the spate of burglaries.

Partner content
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.