NZ shares turn over just $83m as market settles down for Christmas
Today the S&P/NZX 50 index rose 79.1 points or 0.63%, to 11,523.96. Turnover was a very light $83.2 million.
Hamilton Hindin Greene’s Grant Davies said NZ’s market had followed US markets’ positive lead – but a Christmas rally was no longer on the cards.
From the new year, markets would be watching corporate results a little more closely, rather than focusing so much on the macro environment and big picture, he said.
“The story of this year, really, has been that corporate results have been pretty reasonable, but inflation and interest rates have been enough to dampen them,” he told BusinessDesk.
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