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New Zealand Shares Rise 0.2% as Utilities Advance -- Market Talk

Dow Jones Newswires · Nov 7, 2021 17:12

2207 GMT - New Zealand's NZX-50 adds 0.2% to 13098 in early trading as interest-rate sensitive power utilities mostly gain following a pull back in local rates from recent sharp gains. Utility Trustpower also reaffirmed its full-year operating earnings guidance. Meridian Energy rises 1.4%, Contact Energy gains 0.8% and Trustpower advances 1.5%. Property stocks and retirement-village operators are mixed. Auckland International Airport rises 0.5% after a takeover of Sydney Airport by an infrastructure consortium is sealed following an increase to the initial offer. NZD/USD is little changed at 0.7113. (stephen.wright@wsj.com)

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeline for any particular purpose of the above content.

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In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

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