NZ shares prosper on strong earnings

Thu, 17 Feb 2022

New Zealand's sharemarket continued to rally with strong earnings results, and less focus on geopolitics, alluring buyers into the market.The S&P/NZX 50 Index rose 135 points, or 1.1%, to 12,256.82. Turnover was $147 million.Peter McIntyre, an investment advisor at Craigs Investment Partners, said investors were concentrated on earnings season with a possible Russian invasion of Ukraine put to the side.“We've also seen global bond yields ease overnight and because we’re an interest rate sensitive market, any easing of bo...

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