- NZX is the stock market of New Zealand.
- It provides a number of investment products and tools.
- The best shares to buy are a mix of large, medium and small caps.
New Zealand has a robust economy and like many other countries, has a well-developed stock market, called the New Zealand Stock exchange (NZX). This is the marketplace for investors to buy and sell the exchange’s listed equities and funds. It originated in as early as 1870s during the gold rush and ever since, it has become a company that is owned and controlled by the shareholders.
At first, it was the first Brokers Association in Dunedin in 1867, then Otago and other regional centres. All the regional exchanges were combined to form one national stock exchange in 1983. Amongst other landmarks achieved by the NZX were the abolition of the open outcry system and starting of the computerised trading system in 1991.