Lockdown 'net positive' for NZ sharemarket

Fri, 20 Aug 2021

New Zealand’s benchmark equity index finished the day almost unchanged having risen 1.6% across the week driven by good earnings results and an extended period of low-interest rates.The S&P/NZX 50 Index fell 16.48 points, or 0.1%, to 12,940.49. Turnover was $163 million.General manager of CMC Markets NZ, Chris Smith said while the index dipped today it had been a strong week with stocks such as Chorus, Fisher & Paykel Healthcare, and A2 Milk driving the gains.Meal-kit company My Food Bag was one of the best performers today, closi...

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