NZ shares snap back after shock of war

Dan Brunskill
Tue, 01 Mar 2022

Dan Brunskill
Tue, 01 Mar 2022
New Zealand's sharemarket picked up on a last-minute Wall Street surge and continued its resilient rally which has lifted the benchmark equity index recovery almost 4% in the past three days.The S&P/NZX 50 Index rose 220 points, or 1.8%, to 12,197.92. Turnover was $177 million.US indices traded lower for most of the overnight session but spiked into the close to either recover much of their losses or even turn green in the case of the Nasdaq Index.Tina Teng, a markets analyst at CMC Markets, said stock markets had bounced off their...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
RBA hikes rates by 50 basis points
Ella Somers | Tue, 05 Jul 2022

The RBA’s hike was widely expected to be either in the 25bp or 50bp camp so the decision to go with a 50bp jump didn’t come as a huge surprise.

Kiwis' mental health down during pandemic, says wellbeing survey
Greg Hurrell | Tue, 05 Jul 2022

A Statistics NZ wellbeing survey that was cut short by last year's covid lockdown shows that more than a quarter of the population suffered from poor mental health.

Genesis could extend Huntly's life to post-2040 using biomass
Ian Llewellyn | Tue, 05 Jul 2022

Genesis considers the lifecycle of the Rankine units running on biomass can be extended to 2040 and possibly beyond.

How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges