New Zealand’s main stock opened Wednesday’s session higher, with the benchmark NZX 50 climbing above the 12,700-level boosted by gains in consumer staples and financials stocks. Investors have mostly shrugged off coronavirus fears to focus on prospects of a solid global economic recovery and continued support from central banks. Napier Port Holdings Ltd and Scales Corporation Ltd were the biggest gainers on the index, up 3.3% and 3.1%, respectively.
Historically, the New Zealand Stock Market (NZX 50) reached an all time high of 13643.78 in January of 2021. New Zealand Stock Market (NZX 50) - data, forecasts, historical chart - was last updated on July of 2021.
The New Zealand Stock Market (NZX 50) is expected to trade at 12437.05 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 11770.73 in 12 months time.