Markets

Looking back – The NZX in the early 1980s

Brian Gaynor
Sat, 02 Jan 2021

Brian Gaynor
Sat, 02 Jan 2021
Pictured: Ron Brierley in 1979Part 1 - Origins of the ‘80s market boomWhen the NZ sharemarket closed on Friday, Dec. 21, 1979 — for its 17-day annual holiday break — there was no thought of the roaring bull market ahead. The NZX was a dull market at the time, dominated by conservative and media-shy old men who wanted a quiet life after their experiences in World War 2.   Meanwhile, individual investors were leaving the NZX in droves and switching to residential property.The 10 years ended December 1979 had been...

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