Serko bounces from low with inflation data 'not too hot'

The S&P/NZX 50 Index rose 22.5 points, or 0.2%, to 12,8276.99. Turnover was very light, with just $84.9 million traded.

Travel booking software company Serko bounced 4.8% to $6.18 as it recovered from a sustained slide, which saw its share price drop more than 10% in recent days.

Tourism Holdings had the day’s biggest decline, falling 3.9% to $2.75. The stock has recently fallen 10% and is trading near a three-month low.

Energy stocks almost all rallied, despite a note from Forsyth Barr that warned electricity generators were unlikely to make share price gains in 2022.