MARKET CLOSE: NZ shares flat as tech rally balances covid fears

MARKET CLOSE: NZ shares flat as tech rally balances covid fears
Dan Brunskill
New Zealand shares edged higher as gains in local software companies spurred on by Wall Street's tech rally just offset the general malaise of the latest covid-19 lockdown.  The S&P/NZX 50 Index rose 8.91 points, or 0.1 percent, to 11,500.82. Within the index, 21 rose, and eight were unchanged. Turnover was $211.3 million. Cinema software developer Vista Group International led the market higher, up 4.3 percent at $1.21 as it bounced back from yesterday's drop after covid restrictions were re-imposed on Auckland where community transmissi...

More Markets

Market ends on a slight upnote after week of poor results
Markets

Market ends on a slight upnote after week of poor results

The reporting season results weighed on the market all week. 

Staff reporters 23 Feb 2024
‘Take a breath’: Greg Foran on Air NZ's year ahead
Markets

‘Take a breath’: Greg Foran on Air NZ's year ahead

Air NZ is carrying some unavoidable lead in the saddlebag for at least the next 18 months.

Pattrick Smellie 23 Feb 2024
Economic headwinds, rail charges hit Port of Tauranga
Infrastructure

Economic headwinds, rail charges hit Port of Tauranga

The biggest export port in the country has reported a drop in net profit. 

Oliver Lewis 23 Feb 2024
NZX's profit slips, trading volumes lowest in nine years
Markets

NZX's profit slips, trading volumes lowest in nine years

But the stock exchange operator's revenue was up.

Riley Kennedy 23 Feb 2024