NZ shares rise as investors bet on earnings results

Tue, 18 May 2021

New Zealand shares edged higher as investors bid up stocks set to report earnings in the next few days with Serko leading the market higher.The S&P/NZX 50 Index rose 18.15 points, or 0.2%, to 12,428.62. Within the index, 17 stocks fell, 27 rose and six were unchanged. Travel booking software developer Serko jumped 4.9% to $6.70 ahead of its full-year earnings report on Wednesday morning.The stock has weathered the pandemic well and reported in March that transaction volumes had recovered to 68% of pre-covid levels. The company had prep...

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