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

‘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)
Ben Moore
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...

More Markets

NZX goes down as early signals point to Trump victory
Finance Market close

NZX goes down as early signals point to Trump victory

Infratil and Spark continued to trade in high volumes.

Gregor Thompson 06 Nov 2024
Rua Bioscience seeking cash
Finance

Rua Bioscience seeking cash

Medicinal cannabis company is looking to raise up to $3.1m.

Staff reporters 06 Nov 2024
NZICC subbies fail to get trial adjourned
Markets

NZICC subbies fail to get trial adjourned

Fletcher Construction is suing two subcontractors over its uninsured losses.

Oliver Lewis 06 Nov 2024
Fonterra changes listings
Markets

Fonterra changes listings

Dairy giant say changes will reduce complexity and save money.

Staff reporters 06 Nov 2024