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Market Update: NZX Struggles to Gain Traction

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Market Update: NZX Struggles to Gain Traction

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Market Update: NZX Struggles to Gain Traction
New Zealands main stock index fell for the second session in a row on Tuesday, with the NZX 50 index dropping towards the 12,400 level as weakness in the healthcare sector offset gains among cyclicals. Risk appetite remained subdued amid concerns that rising inflation will prompt central banks to tighten monetary policy sooner and more abruptly than expected. Fisher & Paykel Healthcare Corporation Ltd and Pushpay Holdings Ltd were among the biggest laggards on the NZX, down 1.5% and 1.2%, respectively. [/s2If]
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