NZ shares rise ahead of earnings next week

Tue, 10 Aug 2021

New Zealand shares climbed as investors positioned themselves in stocks exposed to the domestic economy ahead of earnings results set to be released next week. The S&P/NZX 50 Index rose 63.40 points, or 0.5%, to 12,764.23. Turnover was $165 million.In a note previewing the August reporting season, Jarden analysts said they expect strong results from stocks with domestic exposure, and weak results and limited guidance from border or covid-affected stocks.Investors appear to share their expectations, with stocks exposed to the domestic...

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