The blue-chip stocks picked up a head of steam as the New Zealand sharemarket recorded its biggest single-day rise in nearly a year with a surge of more than.
The capital markets have been volatile recently with long-term interest rates going up and share markets going down. Shane Solly from Harbour Asset Managem
The New Zealand sharemarket hit a 16-month low with a fall of nearly 1 per cent following further mixed messages on company earnings from the latest annual.
Annual general meetings have always been important in terms of allowing shareholders to eyeball the directors and management of a company and ask them tough.
New Zealand stocks buckled under the weight of rising bond yields, taking the market to its lowest point for the year to date. By the close, the S&P/NZX50.