Profit taking pulls NZ shares down

Dan Brunskill
Thu, 09 Sep 2021

Dan Brunskill
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...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

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?

Health
The eyes have it
The Economist | Sat, 25 Jun 2022

Short-sightedness used to be rare. Now it's growing across the globe. Tim Cross, The Economist's technology editor, investigates its rapid rise.

On the Money
On the Money: Don Braid, Fletcher, Steve Newman and more
Victoria Young | Sat, 25 Jun 2022

OTM this week: A bit of matchy-matchy for Don Braid, the reopening of Parliament's lawns, Eroad, Fletcher and more. 

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.