611 stories mentioning S&P/NZX 50 IndexUpdated 4h ago
Trading amid soft New Zealand data pointing to downside CPI risks; miscellaneous shares rose while communications stocks lagged.
Communications shares gained the most on the New Zealand Exchange, rising 1% by midday Thursday.Spark New Zealand (NZE:SPK, ASX:SPK) was the best performer in the sector, rising past 1%.Meanwhile, the industrial services sector fell 1%.Ventia Services Group (NZE:VNT, ASX:VNT) shares fell 1% in recent trade.
Here are the most actively traded stocks on New Zealand's Exchange on Thursday.Santana Minerals (NZE:SMI): 1.6 million sharesSkyCity Entertainment Group (NZE:SKC): 540,128 sharesGenesis Energy (NZE:GNE): 351,189 sharesSpark New Zealand (NZE:SPK): 328,809 sharesBarramundi (NZE:BRM): 248,959 shares
New Zealand shares ended higher on Wednesday as most Asian markets saw gains following a Tuesday rally in Wall Street shares, helped by soaring tech stocks.The S&P/NZX 50 Index rose 0.68% or 93.72 points to close at 13,997.18.On Tuesday, the Nasdaq Composite gained 2.6%, the S&P 500 added 1.8% while the Dow Jones increased by 1.7%.On the domestic front, New Zealand's seasonally-adjusted unemployment rate rose to 5.6% in the June quarter from 5.4% in the March quarter, data from Stats NZ showed.Also, a total of 40,504 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 37,045 to 44,702 MT, according to data from the trading platform.Further, the ANZ World Commodity Price Index fell 3.9% month over month in July, the largest monthly fall since November 2022, according to a report from ANZ Research.Meanwhile, New Zealand recorded NZ$16.1 billion of new lending in June, up 1.7% from May and over 7% higher compared with the same month a year earlier, according to data by the Reserve Bank of New Zealand.In corporate news, Chorus (NZE:CNU, ASX:CNU) partnered with Nokia to launch TimeSync, a national network-based precision timing service in New Zealand to support critical infrastructure, the telecommunications infrastructure company said in a statement on Tuesday.RUA Gold (NZE:RGI) received the required regulatory approval to begin exploration drilling at its Glamorgan epithermal gold project in New Zealand's Hauraki Goldfield.
New Zealand recorded NZ$16.1 billion of new lending in June, up 1.7% from May and over 7% higher compared with the same month a year earlier, according to data published Wednesday by the Reserve Bank of New Zealand.Total monthly new residential lending increased to NZ$8.3 billion in June from NZ$8.2 billion in the previous month, but was down nearly 4% from the year-ago reading of NZ$8.7 billion.Total new business lending, excluding agriculture, was NZ$3.9 billion in June, up from NZ$3.4 billion in May and marking an increase of NZ$351 million from a year earlier.Meanwhile, agriculture new lending totaled NZ$3.1 billion in June, rising from NZ$2.5 billion in May and up by nearly 48% compared with a year ago, the data showed.New consumer lending increased by over 3% from the previous month and by nearly 11% from a year earlier to NZ$236 million in June.
The rise in unemployment in the June quarter in New Zealand was above market and central bank expectations and the highest reading since September 2015, Westpac said in a Wednesday note.The unemployment rate in the country rose 5.6% in the June quarter, up 0.2 percentage points from the March quarter and up 0.4 percentage points from the June quarter of 2025. The seasonally adjusted employment rate was about 67%, unchanged from the previous quarter.This followed an upward revision in the March quarter to 5.4%.The employment measures data was mixed and supports Westpac's expectation of soft growth in activity over the quarter, per the note.The data points to a stabilization rather than an accelerating in wage pressures, the bank said, noting that the distribution of pay increases was unchanged from last quarter. More employers are citing the cost of living as a reason for increasing pay rates, while fewer are citing the need to attract or retain workers, the lender added.
New Zealand's June quarter employment data showed a soft labor market with considerable spare capacity and a pause in the tentative improvement building before oil prices surged in February, ANZ Research said in a note on Wednesday.The unemployment rate in the country rose 5.6% in the June quarter, up 0.2 percentage points from the March quarter and up 0.4 percentage points from the June quarter of 2025. The seasonally adjusted employment rate was 66.7% in the June quarter, unchanged from the previous quarter.Labor supply was stronger than expected because of a stronger participation rate, while indicators of labor demand were mixed.Employment grew more than expected, but hours worked and hours paid both fell, consistent with the bank's gross domestic product forecast of negative 0.2% quarter-over-quarter. The figures showed anincrease in the number of people underemployed and available potential jobseekers.The data is consistent with the ANZ and the central bank's assessment that the labor market isn't a source of consumer price index inflation pressures, per the report.
Non-energy mineral stocks gained the most on New Zealand's Exchange, rising past 2% at midday Wednesday.Santana Minerals (NZE:SMI, ASX:SMI) saw the sharpest increase in the sector, gaining over 7% in recent trade.On the flip side, the energy minerals sector struggled, shedding 1%.Channel Infrastructure (NZE:CHI, ASX:CHI) shares fell past 1% in recent trade.
The ANZ World Commodity Price Index fell 3.9% month over month in July, the largest monthly fall since November 2022, according to a Wednesday report from ANZ Research.Oil, gas, and petrochemical prices have been very volatile, as well as grain and oilseed markets. Shipping rates remain elevated, pressuring commodity prices downward.Dairy prices fell 6.5% sequentially during the month and by more than 11% year over year. Whole milk powder prices dropped 5.3%, weighed down by strong global supplies, while casein prices jumped past 28% as demand outpaces supply.Meanwhile, the meat and fiber index was down 3% from June, the first monthly fall since May 2025, ANZ said. Wool prices were down 12% over the period, despite remaining up nearly 70% on an annual basis. Beef prices declined 4.4% month over month in overseas markets. Strong competition from South American exporters is impacting the US market, but ANZ's beef price index is still up by about 17% year over year.The horticulture index rose 2.1% in July, with rising gold kiwifruit prices offsetting weaker green apple prices.The forestry index inched up 0.7% in July and was up roughly 11% year over year, as the improvement in shipping and diesel costs across the month helped log prices recover.Aluminum prices plunged 8.2% month over month as China and Europe increased production in response to the fall in Middle East production, and aluminum prices were back to near pre-conflict levels, ANZ said. However, prices for the metal were still up 21% year over year.
New Zealand's jobless rate rose to an 11-year high in the June quarter, beating estimates and rising to its highest since 2015.The unemployment rate in the country rose 5.6% in the June quarter, up 0.2 percentage points from the March quarter and up 0.4 percentage points from the June quarter of 2025.The seasonally adjusted underutilisation rate, a broader measure of untapped labor market capacity than unemployment, rose to 13.8%, up from 12.9% in the March quarter.The seasonally adjusted employment rate was 66.7% in the June quarter, unchanged from the previous quarter.Westpac, which expected a 5.4% rise in the June quarter unemployment rate, said the details are mixed from the Reserve Bank of New Zealand's perspective, even if the employment measures were mixed.On average, they support Westpac's expectation of soft growth in activity over the quarter.The unemployment rate has also beaten ANZ's estimate of a 5.5% rise, as the hiring pause due to the oil shock affected more jobs than forecasters expected.This comes after Stats NZ's data released last week said that the cost of living for the average New Zealand household rose 3.2% in the 12 months to the June quarter, while the seasonally adjusted number of filled jobs rose 0.1% month on month to 2.4 million in June, following a 0.2% increase in May.
New Zealand's seasonally-adjusted unemployment rate rose to 5.6% in the June quarter from 5.4% in the March quarter, data from Stats NZ showed on Wednesday."Around 8,000 more people were experiencing long-term unemployment in the June quarter than in the same quarter in 2025," labor market spokesperson Abby Johnston said.The seasonally-adjusted number of unemployed people for the quarter was 171,000, up from 164,000 for the March quarter.The underutilization rate rose to nearly 14% in the June quarter, up from about 13% in the March quarter, while the participation rate increased to roughly 71% from a little over 70%.The seasonally-adjusted employment rate was flat at about 67%.The seasonally adjusted youth not in employment, education, or training rate fell to almost 14% in the June quarter, down from over 14% in the March quarter.
A total of 40,504 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 37,045 to 44,702 MT, according to data from the trading platform.The average selling price for whole milk powder was $3,483 per MT, anhydrous milk fat averaged $6,367 per MT, and mozzarella and butter averaged at $3,992 per MT and $5,225 per MT, respectively.Additionally, cheddar prices averaged $3,723 per MT, lactose averaged $1,780 per MT, and skim milk powder and butter milk powder averaged at $3,261 per MT and $3,966 per MT, respectively.
New Zealand shares ended higher on Tuesday as most Asian markets saw gains following a Monday rally in Wall Street shares.The S&P/NZX 50 Index rose 0.93% or 128.53 points to close at 13,903.46.On Monday, the Nasdaq Composite gained 2.1%, the S&P 500 added 1.5% while the Dow Jones increased by 1.3%."Risk markets have clearly turned a corner. If the constructive tone from European and U.S. equity markets carries through, buyers should emerge early in the session and provide support for regional risk assets," said Chris Weston, head of research at Pepperstone Group in Melbourne, as quoted by Reuters.On the domestic front, data shows consumer credit performance in New Zealand is continuing to improve, with consumer arrears falling to their lowest level since 2021 in June and residential mortgage arrears reaching their lowest point since December 2022, Centrix said in the July Credit Indicator report.Also, ANZ overall card spending showed a 0.5% lift in July in New Zealand, on a seasonally adjusted basis, with annual growth lifting to 6.1% from 5.8%, according to a report from the bank.In corporate news, Air New Zealand (ASX:AIZ, NZE:AIR) group capacity rose 1.3% year on year in June.
ANZ overall card spending showed a 0.5% lift in July in New Zealand, on a seasonally adjusted basis, with annual growth lifting to 6.1% from 5.8%, according to a report from the bank on Tuesday.Most categories were higher from June, with spending on motor vehicles and fuels falling 0.8% month-over-month, while non-retail trades and goods and services declined. Spending on fuel continued to drop even as fuel prices were off their lows.Most store types in the apparel group lifted in July, with spend at general clothing stores up nearly 10% year-over-year.Durables and hospitality saw the largest monthly increases, rising 2.3% and 2%, respectively, after declines for both in June.
Data shows consumer credit performance in New Zealand is continuing to improve, with consumer arrears falling to their lowest level since 2021 in June and residential mortgage arrears reaching their lowest point since December 2022, Centrix said in the July Credit Indicator report on Tuesday.The Reserve Bank of New Zealand raised the official cash rate to 2.5% earlier, its first increase in three years. The June-quarter Consumer Price Index showed annual inflation rose to 4.1%, with higher fuel, electricity, council rates, and housing-related costs among the main contributors.However, personal loan hardship rose 37% year over year and now makes up 24% of all hardship cases.Consumer credit demand is subdued, falling 7.3% year over year, with growth concentrated in mortgages, vehicle loans, and personal loans, rising about 11%, 8%, and 4.8%, respectively. Meanwhile, demand for credit cards; buy-now, pay-later; and retail energy fell sharply.New household lending fell 4.5% year over year during the June quarter. Approved new mortgage lending was down 5.6% over the same period.Business credit demand has softened and company closures and liquidations remain elevated. However, business defaults are declining and the average credit quality of new applicants improved, the report said.
Here are the NZX-listed companies with the biggest losses on Tuesday.Manuka Resources (NZE:MKR): -5%, NZ$0.09Millennium & Copthorne Hotels NZ (NZE:MCK): -3%, NZ$3.07Australian Foundation Investment (NZE:AFI): -3%, NZ$8.05Radius Residential Care (NZE:RAD): -2%, NZ$0.41Napier Port Holdings (NZE:NPH): -2%, NZ$3.52Summerset Group (NZE:SUM): -2%, NZ$8.07Winton Land (NZE:WIN): -2%, NZ$1.10SkyCity Entertainment Group (NZE:SKC): -2%, NZ$0.62Kiwi Property Group (NZE:KPG): -2%, NZ$0.94Goodman NZ (NZE:GNZ): -1%, NZ$2.03
Here are the NZX-listed companies with the biggest gains on Tuesday.Gentrack Group (NZE:GTK): +3%, NZ$3.80Scales Corporation (NZE:SCL): +3%, NZ$6.75Ventia Services Group (NZE:VNT): +3%, NZ$7.16Westpac Banking Corp (NZE:WBC): +3%, NZ$46.61Briscoe Group (NZE:BGP): +3%, NZ$4.79Vista Group International (NZE:VGL): +3%, NZ$2.58Santana Minerals (NZE:SMI): +3%, NZ$0.60CDL Investments New Zealand (NZE:CDI): +2%, NZ$0.66Oceania Healthcare (NZE:OCA): +2%, NZ$0.77Pacific Edge (NZE:PEB): +2%, NZ$0.27
Here are the most actively traded stocks on New Zealand's Exchange on Tuesday.Vista Group International (NZE:VGL): 1.3 million sharesKiwi Property Group (NZE:KPG): 679,587 sharesGenesis Energy (NZE:GNE): 532,204 sharesMarlin Global (NZE:MLN): 500,417 sharesPrecinct Properties NZ & Precinct Properties Investments (NZE:PCT): 489,202 shares
Industrial services gained the most among New Zealand sectors on Tuesday, advancing almost 3%.Ventia Services Group's (NZE:VNT, ASX:VNT) shares gained past 2% in recent trade.Meanwhile, the consumer durables sector fell 4%.KMD Brands (NZE:KMD, ASX:KMD) was down nearly 2% in recent trade.
New Zealand shares ended higher on Monday amid hopes of renewed peace talks between the US and Iran.The S&P/NZX 50 Index rose 0.55% or 75.65 points to close at 13,774.93.US President Donald Trump said talks with Iran would take place on Monday but declined to set a deadline for a deal, after pulling back from an imminent military strike in hopes of quickly reaching an agreement to reopen the Strait of Hormuz and resolve the standoff over Tehran's nuclear program, according to a Monday Reuters report.On the domestic front, the volume of new homes consented in New Zealand hit 40,581 in the year ended June, up 19% from the previous year and exceeding the 40,000 mark for the first time since 2023, according to data by Stats NZ.Further, New Zealand's home value index fell 0.3% in July following a decline of the same magnitude in the previous month, continuing a subdued trend observed during the first six months of the year, Cotality said in an Aug. 1 report.Also, a drop in diesel prices helped keep construction cost growth in check in New Zealand in July, QV said in a report.In corporate news, Briscoe Group (ASX:BGP, NZE:BGP) reported fiscal second-quarter sales of NZ$193.4 million, up slightly from NZ$192.9 million a year earlier and representing a third consecutive quarter of positive sales growth.Westpac Banking (ASX:WBC, NZE:WBC) completed the sale of the RAMS home loan portfolio, around AU$15.4 billion at completion, to a consortium consisting of Pepper Money (ASX:PPM), credit funds and accounts managed by KKR, and PIMCO managed funds.
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