YEAR IN REVIEW: NZ stocks head for best year in five, may struggle to repeat gains in 2018

Thu, 21 Dec 2017

By Sophie Boot Dec. 20 (BusinessDesk) - New Zealand's benchmark stock index is headed for a 22 percent gain this year as investors chased growth stories ranging from infant formula to technology and tourism. Headwinds may prevent a repeat in 2018. The S&P/NZX 50 Index hit a record high 8,401 this year and is on track for the best performance since 2012, in line with global markets with many other indices at records. Mark Lister, head of private wealth research at Craigs Investment Partners, says that while investors will be happy, thi...

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