The NZX 50 Index gained 0.37% to close at 13,114 on Wednesday, tracking Wall Street and Asia Pacific peers higher. Sentiment was also lifted by news of lower COVID-19 cases on Wednesday, with education minister Chris Hipkins saying secondary school students in some areas would return to classrooms starting on Tuesday. The A2 Milk Company led the gains, closing 6.22% higher on optimism that China sales are returning following a positive Q1 report from infant formula company Bubs Australia last week. Fisher & Paykel also posted a 1.08% gain on volume, while Truscreen jumped 39.06% after its cervical cancer screening technology was confirmed effective in a study.
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 October of 2021.
The New Zealand Stock Market (NZX 50) is expected to trade at 12796.19 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 12169.00 in 12 months time.