‘Bifurcated’ NZ tech stocks buoyed by a few strong players

Forsyth Barr analysts outline what to watch for with Gentrack and Serko as reporting season looms. (Image: Getty)

Wed, 16 Oct 2024

New Zealand’s listed technology companies outperformed the broader market in the September quarter, with key high performers pulling up the average.A note from Forsyth Barr analysts James Lindsay and Will Twiss said the market was “bifurcated” during the period. While six stocks ended the quarter up 15% or more by price, eight finished lower than they started.Over the three months to Sept 30, the S&P/NZX all information technology index rose 8%, exceeding the 6% gain on the S&P NZX 50.The top performers...

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