NZ shares bounce from sell-off

Mon, 31 Jan 2022

New Zealand's sharemarket had a slight bounce on Monday having fallen almost 10% in the first month of 2022 as inflation spooked global marketsThe S&P/NZX 50 Index rose 37 points, or 0.3%, to 11,889.40. Turnover was $127 million with a third of the country away for Auckland anniversary weekend.While it was not as strong as in US markets on the weekend, NZ shares did bounce from a 15-month low today.A strong rally in the last hour of trading saw the US S&P 500 index close 2.4% higher and actually finishing up 0.8% for the week.Vista...

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