NZ shares gains, Infratil surges on demand for datacentres
The S&P/NZX 50 Index rose for a second day, up 125.31 points, or 1%, at 12,678.66. Across the main board, 87 stocks gained, 55 fell, and 37 were unchanged. Turnover was $147.8 million, of which Infratil accounted for $26.1 as it rose 5.6% to $11.895 on a volume of 2.2 million shares.
Datacentres operators on both sides of the Tasman rallied after US private equity firm Blackstone and the Canada Pension Plan Investment Board agreed to buy AirTrunk, valuing the datacentre operator and its development pipeline.
ASX-listed NextDC was up 8.9% in afternoon trading, attracting a please explain from the Australian Securities Exchange (ASX) over the rapid rise, to which it noted “significant recent activities” in the datacentre space and that it understood it was added to the NAREIT Real Estate Index in the latest quarterly review.
“That’s all across the trans-Tasman – Infratil, NextDC, Goodman Group, Charter Hall – anything with a datacentre on its back” is stronger, said Brad Gordon, an investment adviser at Forsyth Barr.
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