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NZ shares near month low; dollar at 2-month low

Dan Brunskill
Tue, 19 Apr 2022

NZ shares near month low; dollar at 2-month low
(Image: Greg Bowker/NZ Herald)
Dan Brunskill
Tue, 19 Apr 2022
New Zealand's headline share index fell half a percent as investors returned from the long weekend and sold shares ahead of inflation data that is expected to run hot this Thursday.The S&P/NZX 50 Index fell 56 points, or 0.5%, to 11,835.88. Turnover was $130 million.Tina Teng, an analyst at CMC Markets, said rising interest rates and high inflation were reducing investor confidence and the benchmark index was approaching a one-month low.BNZ Bank expects Thursday’s consumer price index data to show annual inflation above 7%, up fro...

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