Address

Precise Investors

Sunday, April 11, 2021
Stocks & Shares

Shares fall as investors more averse to risk

Ongoing jitters about US politics pushed New Zealand stocks lower on Thursday as investors took risk off the table, with Xero, Fletcher Building and A2 Milk leading the decline on the local bourse.

The S&P/NZX 50 Index fell 51 points, or 0.7 per cent, to 7371.76 within the index, 37 stocks fell, 10 rose and three were unchanged. Turnover was $154 million (£118.90 million).

“The correction we have been waiting for has arrived overnight, with the catalyst being concern over (US President) Donald Trump’s presidency,” said Greg Smith, head of research at Fat Prophets in Auckland.

Mr Smith said global markets – the US in particular – had been primed for a correction after a strong run of late.

Important:

The articles are for information purposes only and Precise Investors shall not be held responsible for any errors, omissions or inaccuracies within it. Any rules or regulations mentioned within the website are those relevant at the time of publication and may not be the most up-to-date.

Precise Investors does not endorse any of the products or services that appear on it or are linked to it and are not liable for any action that you may take as a result of the content of this website, or losses or damage you may incur doing so.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Please remember that investments of any type may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

Leave a Reply

4 × 3 =