Profit taking pulls NZ shares down

Thu, 09 Sep 2021

New Zealand shares continue to take a cue from offshore markets and consolidate after a strong month through earnings season. The S&P/NZX 50 Index fell 106 points, or 0.8%, to 13,095.77. Turnover was $199 million.BNZ interest rate strategist, Jason Wong said US markets were weaker overnight likely due to investors taking a profit “after a blistering run higher and some ongoing caution around the spread of the delta variant”. NZ markets traded with a similar tone, retracing some of the month’s gain as the glow of...

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