Why three of NZ’s highest-profile companies have been hammered by the stock market
1 Articles
1 Articles
Why three of NZ’s highest-profile companies have been hammered by the stock market
Rocket Lab, Xero and Air New Zealand are some of the most widely held stocks among NZ retail investors. They all have strong brands and growing revenue. And they’ve lost a combined $90bn in share value this year. What’s going on? With the downturn of the housing market and the growth of KiwiSaver and retail investment platforms such as Sharesies and Hatch, more New Zealanders than ever before are invested in the stock market. But while both the …
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