NZ shares creep higher as rate review, earnings come into focus

Investors are awaiting the word from the central bank. (Image: NZME)

Mon, 12 Aug 2024

Vista Group International led the benchmark index higher as the local stock market joined a stronger day across Asia, with investors eyeing up a potential rate cut later this year before the earnings seasons kicks up a gear. The S&P/NZX 50 Index rose 37.79 points, or 0.3%, to 12,281.25. Across the main board, 82 stocks gained, 56 fell, and 41 were unchanged. Turnover was $71.1 million in relatively quiet trading, with just four companies trading on volumes of more than a million. Vista rose for a fourth session, up 5.2% at $3.02...

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