NZX on track for highest one-day gain in 3 years on upbeat FY profit

NZX

21/02/2025 02:17

** Shares of bourse operator NZX  NZX.NZ  rise 4.4% to
NZ$1.65, highest level since November 18
    ** Stock set for biggest one-day pct gain since
late-February 2022
    ** Co posts total net profit of NZ$25.5 million ($14.69
million) for FY24, compared to NZ$13.6 million a year earlier
    ** Says NZX saw pick-up in capital market activity in 2H24
as interest rates began to fall
    ** Forecasts FY25 operating earnings of NZ$49 million-NZ$54
million
    ** More than 262,000 shares change hands vs 30-day avg
volume of 182,000 shares
    ** NZX up 13% YTD, including current session's moves

($1 = 1.7355 New Zealand dollars)

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com;))