NZ shares gains, Infratil surges on demand for datacentres

Turnover was $147.8 million. (Image: Getty)

Thu, 05 Sep 2024

New Zealand shares climbed, and Infratil hit an all-time high as Australia’s A$24 billion (NZ$26b) AirTrunk deal stoked investors’ appetite for data centres. The S&P/NZX 50 Index rose for a second day, up 125.31 points, or 1%, at 12,678.66. Across the main board, 87 stocks gained, 55 fell, and 37 were unchanged. Turnover was $147.8 million, of which Infratil accounted for $26.1 as it rose 5.6% to $11.895 on a volume of 2.2 million shares. Datacentres operators on both sides of the Tasman rallied after US private equity...

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