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Opinion

Sharemarkets on steroids – but not the NZX

Brian Gaynor
Sat, 03 Jul 2021

2021 has shown strong performances of global sharemarkets with the exception of the NZX benchmark index. (Image: Deposit Photos)
Brian Gaynor
Sat, 03 Jul 2021
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The first six months of the year has been a great period for global sharemarkets, with the notable exception of the NZX benchmark index.Wall Street has been particularly strong, with the heavily technology weighted Nasdaq up 12.5% since the end of 2020 while the broader based S&P 500 Index appreciated 14.4%. Meanwhile, the ASX benchmark index gained 11% for the six months to June 30 while the NZX50 Capital Index was down 4.5%. The NZX50 Gross Index was off 3.3% for the six months but the capital index has been used in this column for c...

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