5th worst year for NZX50 in 15 years

The S&P/NZX 50 Index had a bumpy half-day trading session and closed at 11,770.49, up 1.81 points or 0.02% after reaching an intraday low of 11,745.1.

There were 71 gainers and 48 decliners over the whole market on light volumes of 12.89 million share transactions worth $27.67m.

The NZX top 50 index had its fifth worst 12 months in 15 years. The global financial crisis in 2008 sent the market down 32.8%. Since then, the only down years were minus 1.04% in 2011, 0.4% in 2021 and 12% last year. The index had a gain of 13.92% in 2020.

The best year was 2019 with a rise of 30.42%, followed by 24.18% in 2012, and 22.04% in 2017. Since 2001, the index has averaged an annual gain of 8.9%.