NZ stock valuations look ‘full’ after earnings season as NZX 50 cracks 5000

Tue, 04 Mar 2014

By Jonathan Underhill March 4 (BusinessDesk) – Investors are cautious about the extent of any further rally in the NZX 50 Index, which has topped 5000 for the first time, after an earnings season that gave analysts little reason to change their forecasts. The NZX 50 rose 0.6 percent to 5039.871 around 3pm and has advanced 17 percent in the past 12 months, a rally it may struggle to repeat in the year ahead. The NZX Capital Index, which excludes dividends, is up 14 percent in the past year, lagging behind the Standard & Poor’s 500 Index’s 20...

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