NZSX50 - Good News!

[BlackPeter]

China could well be our saving grace at this point with their recovery dawning , both Australia and NZ should benefit from that sooner than some others perhaps

Good point. They might as well be not just our economical savior but provide as well short and midterm some medical relief. I hear there are by now plenty of empty isolation rooms in the Wuhan province, as well as staff not just experienced to deal with the virus, but as well already immunized (because they lived through the virus by themselves). Maybe NZ should book some of these rooms for the expected onslaught on our medical facilities.

[winner69]

Somebody needs to change title of this thread as NZX50 heads to 4,000

[Filthy]

it'll never get to 4000. the world will end before then.

[ratkin]

China could well be our saving grace at this point with their recovery dawning , both Australia and NZ should benefit from that sooner than some others perhaps

Further evidence today in the Warehouse result, their Chinese suppliers are back up and running and the Warehouse has already taken delivery.
This country needs to align itself more with Asia, they seem to have more sense than the west. Apart from eating Pangolins

[BlackPeter]

it'll never get to 4000. the world will end before then.

The world would hardly notice ...

[winner69]

NZX getting closer to 4000 by the day

[SailorRob]

Another 8% down from here and we're at pre GFC levels.

Nobody seems to realise the NZX50 is a gross index dividends reinvested. The 50C is the real index and we almost pre GFC.

All or most other indexes are gross, the NZX50 is completely irrelevant. So Winner you're much much closer to your prediction.

Attachment 11146

[SailorRob]

Brian Gaynor has a great article explaining it, the NZX50 is a con job index designed to pull the wool as the 87 hangover affected NZ investors so badly.

[winner69]

Another 8% down from here and we're at pre GFC levels.

Nobody seems to realise the NZX50 is a gross index dividends reinvested. The 50C is the real index and we almost pre GFC.

All or most other indexes are gross, the NZX50 is completely irrelevant. So Winner you're much much closer to your prediction.

Attachment 11146

OK ...NZX50 Capital Index heading to about 2200

Only another 25% (from high) to go

[winner69]

Interesting

Worth looking at from Mark Lister

The NZX 50 index is down just 7.2% in 2020. However, the AVERAGE share price move is a much more substantial 19.5% decline. The difference is due to the impact of a couple of very big companies which dominate index weightings (ie ATM and FPH). https://t.co/Mm4WFt2zEU