NZ shares step higher ahead of earnings

Sky TV boss Sophie Moloney. (Image: supplied)

Wed, 09 Feb 2022

Software stocks led New Zealand shares higher on Wednesday after the US Nasdaq Index rose 1% overnight as its technology stocks stabilised.The S&P/NZX 50 Index rose 114 points, or 0.9%, to 12,433.95. Turnover was $147 million.Tina Teng, a markets analyst at CMC Markets, said tech shares had found their footing after the big Meta drop earlier this week.“Tech stocks stabilised after Chinese stocks listed in the US were boosted after state-backed funds were said to have entered the local market to buy shares,” she said.Pay-TV...

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