NZ shares climb in light trading

Shares in internet infrastructure firm Chorus rose 0.9% to $7.04 after debt ratings firm Moody’s increased its credit rating threshold.

Dan Brunskill

Mon, 17 Jan 2022

New Zealand shares edged higher in very light trading with US markets closed until Tuesday night for Martin Luther King Day.The S&P/NZX 50 Index rose 16 points, or 0.1%, to 12,806.90. Turnover was $72 million, well below average trading volumes.Two technology stocks, which have been under pressure lately, led the gains today: Travel booking software company Serko and cinema software firm Vista Group were each up 2.3% at $6.15 and $2.22, respectively.Greg Smith, head of retail at Devon Funds, said concern from the United States about climbin...

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