NZ stock market finishes first half of 2022 down 18%

Stocks are struggling to rebound with investors worried about both inflation and recession. (Image: file)

Fri, 01 Jul 2022

New Zealand shares generally fell on the last trading day of the first half of 2022 and the benchmark equity index closed down more than 18% in the past six months.The S&P/NZX 50 Index fell 115 points, or 1.1%, to 10,753.16. Turnover was light with just $95 million traded.Many equity markets have seen double-digit falls in the second quarter as global interest rates have moved up dramatically.“A turbulent second quarter is about to be wrapped up and market participants will be glad to see the back of it,” said Jason Wong, a BNZ...

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