NZ share market weathers turbulent February

The local market outperformed its global peers. (Image: NZX)

Fri, 03 Mar 2023

New Zealand’s stock market battened down the hatches as it was buffeted in a stormy month of February that provided a raft of earnings, a national state of emergency, and a hawkish approach to mounting inflation. The S&P/NZX 50 index fell 0.6% to 11,894.58 in February, holding on to some of January’s gains and outperforming the 2.9% decline on Australia’s ASX 200 and a 2.6% fall for Wall Street’s S&P 500. “Compared to many markets around the world, we performed well,” said Mark Lister, head...

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