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5 results for “infratil”
The NZX 50 index climbed 0.9% to 13271 points on Thursday, led by an 11% surge in Gentrack and a 3% gain for Infratil. While technology and infrastructure stocks thrived on AI optimism, consumer-facing companies like SkyCity and Tourism Holdings saw declines.
CDC Data Centres has secured a landmark 555-megawatt contract in Australia, the largest in the nation's history. The 30-year agreement with a high-end US customer is expected to drive annualised EBITDAF to A$2 billion.
The New Zealand Exchange's benchmark NZX50 index gained 0.4% on Monday, driven by positive performances from Auckland Airport, Air New Zealand, and Contact Energy. The lift comes amid broader economic challenges, including elevated inflation and high fuel costs.
The S&P/NZX 50's recent extreme volatility, driven by Middle East tensions and global AI pricing wars, proves that New Zealand's equity market is increasingly a proxy for global forces. Local investors must wake up to the reality that domestic fundamentals are being overshadowed by international events.
Contact Energy Limited exhibits strong market performance, trading near its 52-week high at NZ$9.98. With a successful institutional block trade and solid technical indicators including a bullish MACD, the New Zealand utility provider's outlook remains highly favorable.