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Market Update: NZX Set to Snap 2-Day Slide
New Zealand’s main stock index opened higher on Wednesday, with the benchmark S&P/NZX 50 rising towards the 12,400 level buoyed by gains in energy. The improved economic outlook due to the successful vaccine rollout and unprecedented monetary policy support, together with diminished concerns that rising inflation would force central banks to taper, has revived investors’ appetite for riskier assets. Mainfreight Ltd and Ryman Healthcare Ltd were among the biggest gainers on the index, up 2.6% and 1.8%, respectively. [/s2If]
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