Yield plays remain attractive to investors
The S&P/NZX 50 Index increased 2.54 points, or 0.02 percent, to 11,629.86. Within the index, 20 stocks rose, 24 fell, and six were unchanged. Turnover was $83.7 million, of which Metlifecare accounted for $21.3 million.
Investors are still grappling with the impact of Iran-US tensions following the killing of Iranian military commander Qassem Soleimani last week. The heightened rhetoric initially pushed up oil and gold prices but both have since eased and equity markets across Asia bounced back today.
“Investors are focused on the macro news with the posturing between Iran and the US and the impact it might have on markets,” said Grant Davies, an investment adviser at Hamilton Hindin Greene.
Domestic news is typically light in January and Davies said next week’s signing of an interim trade agreement between the US and China will also attract attention.
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.
![[Weekly Wrap] KiwiSaver in play; but outcome unclear](https://goodreturns.publit.io/file/c_fill,w_300,h_200/0ad582e4-c9a3-4692-bbe2-62d928f77fd2.jpg)
