Earnings season countdown begins as RBA hikes 25 basis points
The S&P/NZX 50 index fell 68.17 points, or 0.6%, to 12,128.98. Across the main board, 77 stocks fell and 62 rose. Turnover was $169.9 million.
Peter McIntyre, an investment adviser from Craigs Investment Partners, said NZ’s market was cautiously looking ahead to earnings season with Contact Energy the first company out of the gate.
Contact was up 0.1% at $7.75 today, while Genesis Energy fell 1.8% to $2.79.
Genesis said it purchased a large fully-consented solar site in the Canterbury plains and expects to start generating electricity by next year.
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
