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NBR: Trade Me, Fonterra rise ahead of index changes

Thursday 17th January 2013

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The steam came out of the NZX 50 Index today, although investors continued to favour Fonterra tradable units and Trade Me because of index changes taking place next Monday.

The NZX 50 Index fell 1.72 points, or 0.4 percent, to 4169.23, on volume of 32.65 million shares, valued at $101.8 million. Within the index, 20 shares rose, and 19 fell, leaving 11 unchanged.

"The highlights this week are the index changes," says James Snell at First NZ Capital. "People have been pre-empting those moves. Both stocks have got gradually better over the week."

http://www.nbr.co.nz/article/market-close-trade-me-fonterra-rise-ahead-index-changes-bd-134595

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