Sharemarket likely to be more resilient than global counterparts

Chapman Tripp has released a report on New Zealand equity markets, which says there will probably be a small increase in IPO activity this year, but not back to the levels seen in 2013 and 2014.

“International conditions will remain challenging for some while, which will bear on local market sentiment.  However, we are aware of a number of companies considering IPOs now and more may emerge as the year progresses, assuming no further significant deterioration in the world outlook,” said Rachel Dunne, a Chapman Tripp partner specialising in corporate and securities law.

She said it was likely that New Zealand’s sharemarket would continue to be more resilient than some of its overseas counterparts over the year.

The NZX 50 is coming off a healthy performance last year up 13.6% – so is relatively well-positioned and the upcoming reporting season is expected to show strong results.