Shares fall as inflation heats up

Thu, 27 Jan 2022

New Zealand's main share index took yet another tumble on Thursday as inflation rose to its highest level in three decades and the US central bank offered very little detail on its future policy.The S&P/NZX 50 Index fell 135 points, or 1.1%, to 12,050.32. Turnover was $164 million.US-focused church software company Pushpay led the index lower, falling 3.5% to $1.11, while travel software company Serko climbed 2.7% to $5.35.Other significant falls came from Fletcher Building, down 3% at $6.54, and Ryman Healthcare which declined 3% to $1...

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