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New Zealand market peaked: AMP
Wednesday 15th of October 2003
“The pricing of assets has become more important than it was. We are finding it hard to find domestic companies that are relatively cheap.” That did not mean the local sharemarket was not a good place to invest, but rather that finding firms with a “deep discount” was now extremely difficult.
“The sharemarket in New Zealand has been very reasonably priced over the past two years.”
The r...
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