NZ shares up as Fed meeting looms

Wed, 26 Jan 2022

New Zealand's main share index edged higher as tomorrow’s Federal Reserve meeting and local inflation data release loomed over the market.The S&P/NZX 50 Index rose 57 points, or 0.5%, to 12,185.65. Turnover was $120 million.Some of the stocks worst affected by the recent sell-off began to recover. Vista Group recouped 3.5% to $2.10, and Sky Network Television rose 2.6% to $2.40.Pacific Edge rose 2.7% to $1.16 and Kathmandu Holdings climbed 2.3% to $1.36 – all are considered higher risk stocks and have fallen this year.Much o...

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