YEAR IN REVIEW Regulatory risk rears head in boom year for stock sales

Wed, 18 Dec 2013

By Jonathan Underhill Dec. 17 (BusinessDesk) – The New Zealand stock market has rounded out its busiest year in more than a decade with some $6 billion of initial public offerings, placements and selldowns, with only the threat of regulation dampening the party mood. New Zealand’s NZX 50 Index is heading for a 16 percent gain this year, building on 2012’s stellar 24 percent rally and touching a record high 4983.596 on Nov. 7. The benchmark index is likely to crack 5000 for the first time in 2014, even in the face of rising interest rates and...

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