Vaccine hopes prompt rotation into hardest hit covid stocks

Vaccine hopes prompt rotation into hardest hit covid stocks
Dan Brunskill
Investors today sold recently top-performing stocks in favour of those worst affected by the covid-19 pandemic as news of an effective covid-19 vaccine prompted a massive rotation. The S&P/NZX 50 Index rose 50.19 points, or less than half a percent, as money was shifted away from the few pandemic success stories and into the wider market. Within the index, 36 stocks rose, 11 fell and three were unchanged. Turnover was much higher than usual at $326.1 million.Investors’ focus shifted towards companies set to benefit as the vaccine...

More Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV
Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV

NZME is losing one of its long-established executives as he switches to the top table at Sky Television.NZME chief financial officer David Mackrell has resigned and will join Sky as its new chief financial officer in January, the two publicly listed companies have revealed in sep...

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025