Small-cap stocks dramatically outperforming heavyweights

Small-cap stocks dramatically outperforming heavyweights
The pandemic brought the NZX's bull market run to a halt.
Dan Brunskill and Andy Fyers
It has been a rough year for returns on New Zealand’s benchmark equity index, which is down 5.6% as it nurses a hangover from a wild 2020, but analysts say the market isn’t doing as bad as it looks.While the S&P/NZX 50 Index has given up all of its summer gains as the largest stocks fell, smaller listed companies continued to rally with the improving economy.The S&P/NZX SmallCap Index is up 5.7% so far this year and the S&P/NZX MidCap Index is up 1%, while the S&P/NZX 10 – made up of only the biggest stocks &nd...

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NZ sharemarket rallies, ends day up 0.6%
Markets Market Close

NZ sharemarket rallies, ends day up 0.6%

The S&P/NZX 50 Index closed at 12,989.18, up 83.2 points or 0.64%.

Graham Skellern 14 Feb 2025
Toy entrepreneur quashes spec of NZME takeover
Finance

Toy entrepreneur quashes spec of NZME takeover

Zuru founder Nick Mowbray says a report speculating he could take over private media company NZME is wrong. On Friday morning, The Australian’s Data Room said “some wealthy Kiwis” were plotting to do something about the state of New Zealand’s media industry and cited Mowbray as a...

Victoria Young 14 Feb 2025
Below-normal rainfall sees NZ hydro storage drop to 91%
Markets

Below-normal rainfall sees NZ hydro storage drop to 91%

Last month was the second-driest January on record.

Staff reporters 14 Feb 2025
Gentailers' earnings: Don't look back in anger
Markets

Gentailers' earnings: Don't look back in anger

Reporting season will be about the winter past and the winter to come.

Ian Llewellyn 14 Feb 2025