NZ shares settle after action packed earnings season

Thu, 02 Sep 2021

New Zealand shares edged higher as some of the winning and losing stocks of a volatile few weeks of trading consolidated into normalised positions.The S&P/NZX 50 Index rose 36.98 points, or 0.3%, to 13,280.47. Turnover was $185 million.Earnings season injected some life into the sleepy index, which has climbed as much in the past 11 days as it did in the six months prior.Today, some stocks that missed out on the rally were making gains while a few top performers fell subject to some profit taking.Dairy processor Synlait Milk led the index h...

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