The Markets

NZ tech stocks have a mixed day

Thursday 26th of January 2023

The S&P/NZX 50 index rose 29 points, or 0.2%, to 12,023.46. Across the main board, 47 stocks fell and 80 rose. Turnover was $82.6 million.

Devon Funds head of retail Greg Smith said the tech-heavy Nasdaq in the US had fallen 0.4%, with Microsoft’s shares down more than 2% at one point thanks to weaker earnings guidance and Alphabet falling 3%.

“With pandemic tail...

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