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NZX:NZ50G News

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NZX 50 Extends Gains, Tracking Wall Street Higher

New Zealand's stocks rose 34 points, or 0.3%, to 13,809 in Tuesday morning deals, extending gains from the previous session, tracking rises on Wall Street overnight, supported by a rally in technology stocks and easing oil prices amid hopes of US-Iran peace talks.Moderating oil prices also supporte…

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New Zealand Stocks Close 0.6% Higher

New Zealand's stocks rose 76 points, or 0.6%, to close at 13,774 on Monday, halting losses from the previous session, mainly buoyed by the technology, communication services, and real estate sectors.The broader index tracked gains in US stock futures following an upbeat session on Wall Street on Fr…

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trading-economics

New Zealand Stocks Edge Higher to Start the Month

New Zealand's stocks rose 27 points, or 0.2%, to 13,726 in Monday morning trade, erasing losses from the previous session, mainly buoyed by the technology, communication services, and real estate sectors.The broader index tracked gains in US stock futures following an upbeat session on Wall Street…

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NZX 50 Falls from Record High, Ends Down 1.5%

New Zealand's stocks fell 214 points, or 1.5%, to close at 13,763 on Thursday, mainly weighed down by financials, healthcare, consumer staples, communication services, and materials, as traders took profit after the index posted a third consecutive record high.The broader index touched a more than…

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NZX 50 Retreats from Record High on Profit-Taking

New Zealand's stocks dropped 44 points, or 0.3%, to 13,806 in Tuesday morning deals, as traders took profit after the index hit a record high a day earlier, buoyed by easing oil prices.Traders remained cautious ahead of the Fed's monetary policy decision and China's PMI data, as well as the release…

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trading-economics

New Zealand Equities Track Wall Street Lower

The NZX 50 dropped 52 points, or 0.4%, to 13,711 in Thursday morning deals, halting the gains of the previous session and pulling back from its highest level since July 9, reached a day earlier, tracking a decline in US futures following a downbeat session on Wall Street overnight ahead of the star…

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Economyindex
trading-economics

NZX 50 Rises, Tracking Wall Street Gains

The NZX 50 climbed 45 points, or 0.3%, to 13,701 in Wednesday morning trading, erasing losses from the previous session, tracking a rise on Wall Street overnight buoyed by a rebound in chip stocks.Traders shrugged off Wednesday's data, which showed that New Zealand's inflation rate accelerated to t…

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trading-economics

NZX 50 Flat After Inflation Data

The NZX 50 was almost flat, trading around 13,697 in Tuesday morning trade, remaining muted for the second straight session, as gains in healthcare, technology, and financials offset declines in communication services, industrials, and consumer staples.Traders assessed fresh data, as inflation acce…

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Economyindex
trading-economics

NZX 50 Ends Nearly Flat Ahead of Inflation Data

The NZX 50 was almost flat, trading around 13,693 at Monday's close, after gaining in the previous session, as gains in consumer staples, communication services, and real estate offset declines in healthcare, financials, and tech sectors.Traders were cautious ahead of the release of Q2 inflation da…

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Economyindex
trading-economics

NZX 50 Trades in the Red to Start the Week

The NZX 50 dropped 69 points, or 0.5%, to 13,626 in Monday morning trade, halting the gains from the previous session, tracking a decline in US futures after Wall Street closed in the red on Friday, weighed down by a selloff in chipmakers and the escalating Middle East conflict.However, persistentl…

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Economyindex
trading-economics

New Zealand Stocks Set for Weekly Losses

The NZX 50 dropped 23 points, or 0.2%, to 13,591 in Friday morning trade, retreating for the fifth consecutive session and remaining at its lowest level since July 2, tracking a decline on Wall Street overnight, with technology stocks leading the losses.Persistently high oil prices pressured sentim…

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trading-economics

NZX 50 Ends 0.1% Lower, Marks 4th Straight Loss

The NZX 50 fell 20 points, or 0.1%, to 13,616 on Thursday, down for the fourth consecutive session and marking its lowest level since July 2, mainly weighed down by losses in communication services, energy, consumer staples, and financials.Investors continued to monitor developments in the Middle…

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New Zealand Stocks Edge Up in Morning Trade

The NZX 50 climbed 24 points, or 0.2%, to 13,675 in Wednesday morning trade, erasing losses from the previous two sessions, tracking gains on Wall Street overnight as softer inflation eased expectations of a Fed interest rate hike.The energy, materials, and healthcare sectors mainly drove the index…

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New Zealand Stocks Edge Lower in Morning Trade

The NZX 50 fell 20 points, or 0.2%, to 13,703 in Tuesday morning trade, reversing gains from the previous session, mainly weighed down by losses in the financial, communication services, technology, and utilities sectors.Rising oil prices due to the escalating conflict in the Middle East continued…

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trading-economics

NZX 50 Pulls Back from Record High

The NZX 50 dropped 64 points, or 0.5%, to 13,721 in Monday morning trade as traders took profits after the index hit a record high in the previous session, with the market resuming after Friday's holiday closure.Escalating conflict in the Middle East also weighed on sentiment amid rising oil prices…

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trading-economics

New Zealand Stocks Muted in Morning Session

The NZX 50 was almost flat, trading around 13,666 in Thursday morning trade after retreating in the previous session, as gains in communication services and materials offset declines in energy and financials.Traders continued to assess Wednesday's RBNZ decision to raise interest rates by 25 bps to…

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trading-economics

NZX 50 Retreats from Record High After RBNZ Decision

The NZX 50 fell 98 points, or 0.7%, to close at 13,665 on Wednesday, after being flat in the previous session, pulling back from a record high reached over the previous two consecutive sessions, following the RBNZ's decision to raise interest rates by 25 bps to 2.5%.The central bank raised its cash…

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trading-economics

NZX 50 Extends Gains, Hits New High

The NZX 50 rose 13 points, or 0.1%, to 13,776 in Tuesday morning trade, marking the third consecutive session of gains and hitting a fresh record high, tracking a rally on Wall Street overnight buoyed by strong gains in semiconductor stocks.Easing oil prices continued to lift sentiment as inflation…

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Australian shares likely to open flat; NZ up

Australian shares looked set for a flat open on Tuesday, with likely gains in miners from firmer iron ore and metal prices being potentially offset by softness in gold stocks on declining bullion.The local share price index futures (YAPcm1) slipped 0.1%, reflecting an 18-point discount to the under…

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