NZ shares fall as investors brace for omicron

Dan Brunskill
Thu, 20 Jan 2022

Dan Brunskill
Thu, 20 Jan 2022
New Zealand shares fell on Thursday as investors prepared for an outbreak of covid’s omicron variant, which is widely considered to be imminent with many cases arriving in managed isolation.The S&P/NZX 50 Index fell 115 points, or 0.9%, to 12,497.10. Turnover was still light at $111 million.This was a second large decline for the index after it fell 1.5% yesterday after an increase in market interest rates was driven by inflation fears.Today, it was two aged-care providers who led the index lower as investors appeared to be positionin...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets Market close
NZ shares slide on recession risk
Dan Brunskill | Tue, 17 May 2022

Central banks are expected to rapidly tighten policy, the risk of an energy crisis in Europe remains, and economic activity in China has been slowing.

Markets
BitPrime calls on crypto community for cash
Dan Brunskill | Tue, 17 May 2022

The crypto retailers plan to create a decentralised autonomous organisation to give supporters a say in how the business is run. 

Technology
Tracksuit a good fit for brand tracking
Ben Moore | Tue, 17 May 2022

Startup Tracksuit is simplifying brand tracking as digital marketing faces the death of online tracking.

Sponsored
Grow your business by taking time to plan

Getting business fundamentals right gives the best chance at beating the unplannable.

Partner content
More fuel storage needed now

Boosting fuel reserves could prevent social & economic disruption.