Positive earnings lift NZ sharemarket

Dan Brunskill
Fri, 20 May 2022

My Food Bag successfully overcame significant challenges during the financial year. (Photo: Bex Stevenson)
My Food Bag successfully overcame significant challenges during the financial year. (Photo: Bex Stevenson)
Dan Brunskill
Fri, 20 May 2022
Strong local earnings reports boosted New Zealand's benchmark equity index on Friday, even as global markets wobbled.The S&P/NZX 50 Index rose 60 points, or 0.5%, to 11,267.39. Turnover was $138 million.NZ had one of the few share markets moving higher on Friday as investors in other parts of the world continued to worry about the risk of a global recession.“Stocks and risk sentiment haven’t managed any sort of bounce from yesterday’s rout, and seem to be waiting for fresh direction,” said ASB economist Mike Jone...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

The Economist
How attractively are shares now priced?
The Economist | Sun, 26 Jun 2022

What a key valuation measure says about buying the dip.

Wine FREE
The $100 Club: A wine rich list
Bob Campbell MW | Sun, 26 Jun 2022

If you're a wine connoisseur, you're spoiled for choice. The number of high-flying wines on sale for more than $100 has tripled since 2013.

Property FREE
Money Answers: how much mortgage can I actually afford?
Frances Cook | Sat, 25 Jun 2022

This week, readers ask how they should decide as a family what they can afford in terms of buying a house – and just because you can, should you?

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.