Thrills and spills for small cap stocks

Rakon's electronic components have been put to use by Japan Aerospace Exploration Agency in this transfer vehicle.

Thu, 01 Apr 2021

NZ’s benchmark index fell in a sleepy session ahead of Easter, while smaller stocks Rakon and AFT Pharmaceutical surprised investors with revised earnings. The S&P/NZX 50 Index fell 72.39 points, or 0.6%, to 12,488.31. Within the index, 15 stocks rose, 29 fell and six were unchanged. Turnover was $148.5 million, a little lighter than usual as some traders had already focused their attention on the four-day weekend. Mark Smith, an economist at ASB Bank, said offshore markets traded with a generally positive tone...

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