The Markets

Mainfreight holds the line as bond yields jump

Thursday 11th of November 2021

A majority of NZX-listed stocks fell with the high-interest rates eating into equity valuations, but a strong earnings result from Mainfreight kept the index fairly flat.

The S&P/NZX 50 Index rose 4 points, virtually 0%, to 13,026.91. Turnover was $138 million.

The US consumer price index shocked the market with another spike bringing the annual increase up to 6.2% – t...

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