NZ share trading cools in record-breaking market; debt remains in vogue

Tue, 02 Apr 2019

By Paul McBeth April 3 (BusinessDesk) - Share trading on New Zealand's stock market cooled in March as the benchmark index spent much of the month chalking up new records in an environment in which interest rates are expected to go even lower. The Reserve Bank's unexpected signal last week that it will likely cut the record-low 1.75 percent official cash rate stoked investor demand for yield, pushing share prices of utilities such as Meridian Energy and Chorus to new highs. At the same time, companies that benefit from a weaker currency...

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