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 down over 1%
Markets Market close

NZ sharemarket down over 1%

The S&P/NZX 50 Index closed at 12,396.27, down 134.72 points or 1.08%.

Graham Skellern 25 Jul 2024
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Mainfreight looks to Oz as profit falls

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The company has ambitious plans for a new gold mine in Otago.

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Stewart Reynolds new CFO at Auckland Airport
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Stewart Reynolds new CFO at Auckland Airport

His appointment to the role will take effect on August 2.

Staff reporters 25 Jul 2024