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New Zealand Shares Rise; Contact Energy Posts Higher April Retail Electricity, Gas Sales

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New Zealand shares ended higher on Tuesday as US President Donald Trump decided to pause attacks on Iran.

The S&P/NZX 50 Index rose 1.66% or 211.40 points to close at 12,974.32.

Trump on Monday said that there was now a "very good chance" of reaching a nuclear deal with Iran as Tehran sent a peace proposal to Washington, according to a Monday Reuters report.

In domestic news, New Zealand's output producer price index (PPI) rose 0.8% in the March quarter, while input PPI increased by 1.4% compared with the preceding three-month period, Stats NZ data showed

Also, New Zealand's electronic card spending fell 1.6% month over month to NZ$9.65 billion in April on a seasonally-adjusted basis, compared with the 1.1% increase recorded in the previous month, according to data from Stats NZ.

In corporate news, Contact Energy (ASX:CEN, NZE:CEN) said retail mass-market electricity and gas sales increased year on year in April, alongside a rise in wholesale contracted electricity sales.

Delegat Group (NZE:DGL) said its harvest for the year yielded 38,255 tonnes, down 19% from its 2025 harvest of 47,461 tonnes.

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