NZX ends half year down 3.6%, primary sector saving grace

NZX ends half year down 3.6%, primary sector saving grace
The NZX primary sector index is up nearly 20% this year. (Image: NZME)
Gregor Thompson
The New Zealand sharemarket will enter the second half of the year having underperformed its international counterparts.The benchmark S&P/NZX 50 rose 0.15% to 12,602.820 points on Monday, with just over $146 million worth of shares changing hands.Mohandeep Singh, senior research analyst at Craigs Investment Partners, said school holidays had meant “there was not a lot of excitement in the market”.He highlighted that at the mid-point of the year, unlike overseas indices, the NZX 50 has been caught on the wrong side of the ledger....

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