New Zealand share market has completed its second Successive positive year

New Zealand share market has completed its second Successive positive year

The with the benchmark NZX50 Gross Index appreciating by 16.5 per cent in 2013 compared with 24.2 per cent in 2012.
Mark Weldon, the former NZX chief executive introduced the gross index, which includes dividends and the reinvestment of these dividends, as the market's new benchmark index which emboss the performance of  the share market.
This strategy has been triumphant as the gross index closed 2013 on 4737, as compared to 2577 for the capital index, even though they were both on 1881 at the end of February 2003.

A huge disparity has been there in the performance of the two indices even though they hold the identical 50 companies with similar weightings.  The difference is completely attributable to the inclusion of dividends, and the reinvestment of these dividends, in the gross index.
In capital terms the top 50 NZX companies had an optimistic return of 11.5 per cent for 2013 compared with 18 per cent for the earlier year.
The five top-performing index companies in 2013, in capital terms, were: Xero up 325 per cent, Kathmandu 76.4 per cent, Ryman Healthcare 72.5 per cent, Fisher & Paykel Healthcare 55.9 per cent and A2 Corporation 50.9 per cent.
Five worst-performing capital index companies were: Chorus losing 51 per cent, OceanaGold down 49.7 per cent, Diligent Board Member Services minus 30.5 per cent, Hallenstein Glasson off 26.1 per cent and TrustPower had a negative 22.9 per cent return.