Serko bounces from low with inflation data 'not too hot'

Darrin Grafton, Serko's CEO and co-founder. (Image: Supplied)

Thu, 13 Jan 2022

New Zealand shares moved marginally higher as US inflation data matched expectations and Serko bounced back from a harsh sell-off.The S&P/NZX 50 Index rose 22.5 points, or 0.2%, to 12,8276.99. Turnover was very light, with just $84.9 million traded.Travel booking software company Serko bounced 4.8% to $6.18 as it recovered from a sustained slide, which saw its share price drop more than 10% in recent days.Tourism Holdings had the day’s biggest decline, falling 3.9% to $2.75. The stock has recently fallen 10% and is trading near a thre...

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