YEAR IN REVIEW: Sheen comes off NZ yield story as global interest rates rise

Thu, 22 Dec 2016

By Jonathan Underhill Dec. 22 (BusinessDesk) - New Zealand's benchmark S&P/NZX 50 Index reached a record in September but its 10 percent correction since then puts it on track for the slowest pace of growth in five years. The 2016 year also confounded many stock pickers. Dietary supplements maker and 'penny dreadful' Promisia Integrative was the outright winner on the broader NZX market with a 248 percent price gain, while few of the stocks tipped by nine leading brokerages turned out to be stars. For the most part, investors didn't lo...

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