NZ market looks to be in better heart

There was a more optimistic mood at the New Zealand Stock Exchange today. (Image: BusinessDesk)

Fri, 05 Aug 2022

Investors stuck to the sidelines on Friday but look to be in better heart ahead of earnings season, with volumes showing some signs of life and the S&P/NZX 50 index adding 2% over the week.“Activity-wise, we have seen a bit of a turnaround in sentiment over the last week, with bonds coming off their highs and markets all positive overseas,” said Bryon Burke, head of equities at Craigs Investment Partners.“There’s quite a different feel to the market at the moment, and people have a little bit more confidence,”...

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