NZ shares edge up from two-month low
The S&P/NZX 50 Index rose 18.56 points, or 0.2%, to 12,386.42. Within the index, 32 stocks rose and 18 rose.
A positive trading session in the United States over the weekend, where the S&P 500 rose 1.5%, gave the local market a positive lead this morning.
“Last week proved to be a rollercoaster ride for financial markets,” said BNZ interest rate strategist, Jason Wong.
Wong said investors’ risk appetite plummeted after “shockingly strong” US consumer price index data was released in the middle of the week before “recovering nicely” in the end.
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