NZ shares settle down after rally, Fonterra units jump

Thu, 09 Dec 2021

New Zealand shares gave back some of yesterday’s sudden rally, following the whims of global markets with little local news to trade on. The S&P/NZX 50 Index fell 96.5 points, or 0.8%, to 12,771.83. Turnover was $139 million. While this may be considered a fairly substantial movement on an average day, it was only a small piece of the more than 2% jump yesterday as investors got back into buying. US markets consolidated overnight after bouncing more than 3% over the previous two sessions while global interest rates push...

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