NZ shares fall 1.5% in first full week of 2022

Ryman Healthcare led the index lower, falling 2.9% to $11.83. (Image: Depositphotos)

Fri, 14 Jan 2022

New Zealand shares finished their first full week of trading down approximately 1.5% as US markets got the jitters over the prospect of interest rate hikes as soon as March.The S&P/NZX 50 Index fell 36.8 points, or 0.3%, to 12,790.16. Turnover was $102 million.Ryman Healthcare led the index lower, falling 2.9% to $11.83. It was followed by Serko – which has been under pressure lately – down 2.8% at $6.01 and Pushpay Holdings off 2.3% at $1.24.Tech stocks are being sold off dramatically in the US as investors have realised i...

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