Market optimism dissipates as soft earnings season sinks in

Of the 38 companies that reported in February, 26 lost share value. (Image: NZME)

Mon, 03 Mar 2025

Investor sentiment has taken a hit after a weaker-than-expected earnings season, analysts say.New Zealand’s benchmark index, the S&P/NZX 50, entered February at 12,995 and left it 3.15% below that point at 12,586. It had sunk to 12,307 at close on Tuesday but recovered by the end of the week. In total, 38 companies on the New Zealand Exchange’s (NZX) main board reported earnings. Of those that did, 26 stocks ended the month either down or flat on where they started. Salt Funds director Matt Goodson said the disclo...

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