Kiwi Wealth sale may be behind NZX sudden share price jump

NZX Limited is best known as a stock market operator but also houses a fast growing funds management business. (Photo: NZX)

Dan Brunskill

Fri, 19 Aug 2022

Stock market operator NZX Limited has rallied almost 9% since the start of August ahead of its full year earnings report due on Thursday. The share price climb might lead some market watchers to think the company was set to report a strong set of earnings. However, weak trading volumes and high-interest rates suggest otherwise. NZX is heavily exposed to interest rates as much of its revenue is linked to the market capitalisation of stocks listed on the exchange, which have fallen as interest rates rose. The stock has fallen as mu...

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