“Our lead has been taken from the Aussie market and that is based around what is happening with Covid,” said Craigs Investment Partners investment adviser Peter McIntyre. “Investors are tending to be a little bit wary. “There’s definitely a slightly more concerning feel about what may happen next and I think investors are just that little bit more cautious.”
Air New Zealand/Facebook
Tourism stocks weakened as investors were wary about the impact of Covid-19. Tourism stocks declined. Tourism Holdings fell 3.1 per cent to $2.52, Auckland International Airport dropped 2.2 per cent to $7.255, and Air New Zealand slid 2.5 per cent to $1.535.
Prospect of rising interest rates weighs on sharemarket stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Simon Tong to join broking firm after four-year bank stint.
Broking firm Craigs Investment Partners has appointed Simon Tong as chief executive after the departure of long-serving CEO Frank Aldridge in March.
Tong joins Craigs from ASB Bank, where he
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Craigs Investment Partners names Simon Tong as new chief executive stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.