Big growth stocks lead NZ shares higher

Shares in global logistics firm Mainfreight led the market higher, as it rallied another 3.5% to $84.88. (Image: Supplied)

Dan Brunskill

Mon, 02 Aug 2021

The NZX’s biggest growth stocks moved higher on Monday despite there being little news to propel the stocks. The S&P/NZX 50 Index rose 108.45 points, or 0.9%, to 12,702.97. Turnover was light with $107 million traded.Shares in global logistics firm Mainfreight led the market higher, as it rallied another 3.5% to $84.88. On Friday, Jarden analysts added $10 to their target price which now sits at $85. The upgrade followed better-than-expected earnings in the first 17 weeks of its financial year and reflected its “strong...

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