Infratil boosts NZX 50 in first session of 2022

Infratil started the year with a hefty increase in its valuation of its CDC Data Centres business.

Wed, 05 Jan 2022

Infrastructure investment firm Infratil led the benchmark equity index higher in the first trading day of the year after one of its key assets had its valuation boosted 15%.The S&P/NZX 50 Index rose 116 points, or 0.9%, to 13,150.38. Turnover was $126.8 million.Last year, the index saw its first annual decline in almost a decade when it closed down 0.4% on December 31.Mark Lister, head of private wealth research at Craigs Investment Partners, said the performance gap between global shares and NZ was the widest it had been since 1998.“...

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