Auckland Airport takes off; NZ shares gain
The S&P/NZX 50 Index rose 78.63 points, or 0.6%, to 12,446.76. Within the index, 22 stocks rose, 18 fell and ten were unchanged. Turnover was $196 million.
Sam Trethewey, a portfolio manager at Milford Asset Management, said the market was consolidating after a period of rising interest rates and ahead of quarterly rebalancing.
Auckland International Airport led the market higher, up 4% to $7.67, followed by Spark New Zealand which rose 3.5% to $4.56.
Neither gave any market updates today, however, Air New Zealand said its domestic business and corporate travel had returned to 90% of pre-covid levels.
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