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611 stories mentioning S&P/NZX 50 IndexUpdated 5h ago

Trading amid soft New Zealand data pointing to downside CPI risks; miscellaneous shares rose while communications stocks lagged.

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International

Decreasing Diesel Prices Help Keep New Zealand Construction Cost Growth in Check, QV Says

A drop in diesel prices helped keep construction cost growth in check in New Zealand in July, QV said in a report on Monday.Diesel prices fell sharply month over month in July, declining nearly 21%, helping to reduce costs in fuel-intensive areas of construction work. Excavation, which fell 4.5%, saw the largest average reduction in both June and July."Diesel has fallen from June to July, and that saving has flowed through to some of the trades most exposed to fuel costs," QV CostBuilder spokesperson Martin Bisset said, adding that overall costs remained broadly stable.Concrete blockwork prices increased 0.8%, while concrete rose 0.9%, the report said. Expanded polystyrene sheet was up 9.3%, aquatherm pipework by 7.5%, and copper pipework by 4%.

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International

New Zealand Property Values Continue Subdued Trend With 0.3% Fall in July, Cotality Says

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.The national median property value of NZ$804,303 in July was down by 1% from three months ago and down 0.7% from a year earlier, according to the report.Values remain nearly 18% below their January 2022 peak, but 16% above the pre-pandemic level from March 2020, Cotality said."Property sales volumes have inched lower so far this year, although they're still at a relatively normal level," said Cotality NZ Chief Property Economist Kelvin Davidson. "But the stock of listings remains elevated and this is giving buyers the balance of power when it comes to pricing.""Mortgage rates haven't moved much in recent weeks, but the likelihood is that some rises are on the cards again in the short term," Davidson added.The report pointed to broad-based falls in values across Auckland's sub-markets in July, with Rodney and Papakura posting relatively modest drops of 0.2% and Franklin dipping by 0.3%. But in the country's other four main areas, there was a uniform drop of 0.6% in July.

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Asia

NZX Midday Sector Update: Consumer Durables Sector Soars, Finance Sector Struggles

Consumer durables shares gained the most on New Zealand's Exchange, rising nearly 4% on Monday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose past 3% in recent trade.Meanwhile, shares of the finance sector fell 1%.Westpac Banking's (NZE:WBC, ASX:WBC)shares fell more than 1% in recent trade.

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International

New Zealand New Home Consents Exceed 40,000 in Year Ended June

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 published Monday by Stats NZ.The country saw 18,627 stand-alone houses consented in the year ended June, up 17% compared with the previous year, while multi-unit homes consented rose 21% to 21,954.The five regions with the highest number of new homes consented include Auckland with 17,097, Canterbury with 8,647, Waikato with 3,205, Otago with 2,982, and Wellington with 2,217. All five of these regions posted a double-digit increase from the year ended June 2025.The annual numbers of new homes consented in the Otago region struck a record high in the year ended June.On a quarterly basis, New Zealand recorded 10,964 new homes consented in the June quarter, up 34% from a year earlier. On a monthly basis, 3,471 homes were consented in June, up 32% from the same month a year earlier.

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Asia Markets

New Zealand Shares Fall; AFT Pharmaceuticals Chair to Retire

New Zealand shares ended lower on Friday while most Asian markets saw gains, helped by Thursday's Wall Street rally, and South Korean shares recovered after a steep fall.The S&P/NZX 50 Index fell 0.46% or 63.50 points to close at 13,699.28.On Thursday, the Nasdaq Composite added 2.8%, the S&P 500 gained 1.7% while the Dow Jones lifted 1.2%.Meanwhile, US President Donald Trump said Thursday's Cairo talks between mediators and Hamas produced a phased disarmament agreement in Gaza, though a Hamas official called it a draft proposal and US officials said Israel doubted the militant group would give up its weapons, according to a Thursday Reuters report.On the domestic front, consumer confidence in New Zealand rose 8 points to 99.3 in July amid unstable oil prices and an interest rate hike, still 8 points below its January peak but well above the April low, ANZ Research said.Also, New Zealand's lending from registered banks and non-bank lending institutions increased in June, driven by growth in housing, business, and agricultural lending, while personal consumer lending edged lower compared with the previous month, according to data from the Reserve Bank of New Zealand.In corporate news, Meridian Energy (ASX:MEZ, NZE:MEL) received a key remaining resource consent from Palmerston North City Council allowing for the 172-megawatt (MW) repowering of its Te Rere Hau wind farm in Manawatū, New Zealand.AFT Pharmaceuticals (ASX:AFP, NZE:AFT) said Chair David Flacks intends to retire within the next 12 months after a successor is appointed.

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International

New Zealand Lending Rises in June Amid Broad-Based Loan Growth

New Zealand's lending from registered banks and non-bank lending institutions increased in June, driven by growth in housing, business, and agricultural lending, while personal consumer lending edged lower compared with the previous month, according to data from the Reserve Bank of New Zealand released on Friday.Total housing loans from registered banks and non-bank lending institutions in New Zealand grew to NZ$400.51 billion in June from NZ$399.03 billion in May. Total personal consumer lending fell to NZ$14.45 billion in June from NZ$14.46 billion in the previous month.Total business lending increased to NZ$143.18 billion in the period, from NZ$143.13 billion. Meanwhile, agricultural lending rose to NZ$64.5 billion in June, from NZ$63.16 billion in the previous month.

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Asia

NZX Midday Sector Update: Consumer Durables Sector Soars, Commercial Services Sector Struggles

Consumer durables shares gained the most on New Zealand's Exchange, rising past 2% on Friday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose past 2% in recent trade.Meanwhile, shares of the commercial services sector fell almost 3%.Livestock Improvement (NZE:LIC) shares fell more than 3% in recent trade.

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International

New Zealand Consumer Confidence Jumps 8 Points in July, ANZ Research Says

Consumer confidence in New Zealand rose 8 points to 99.3 in July amid unstable oil prices and an interest rate hike, still 8 points below its January peak but well above the April low, ANZ Research said Friday.According to the ANZ-Roy Morgan Consumer Confidence survey, inflation expectations were unchanged at 4.6% in the month, while house price expectations declined to 2.6% from 3%.The net proportion of householding thinking it's a good time to buy a major household item, a subindex of the survey, increased 4 points to negative 7 but remained weak.Consumer confidence, which was upbeat at the beginning, unsurprisingly eased toward the end of the month, mirroring the pattern in oil prices, which fell before rising sharply in the middle of the month."Developments in the Middle East will continue to buffet both business and consumer confidence as long as the situation remains volatile," analysts at the firm commented.

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Asia

New Zealand Shares Fall; Freightways Group Appoints David Gibson as Chair

New Zealand shares ended lower on Thursday as Asian markets showed a broad-based decline amid the US Federal Reserve's decision to hold rates and Wednesday's Wall Street sell-off.The S&P/NZX 50 Index fell 1.53% or 213.89 points to close at 13,762.78.On Wednesday, the Nasdaq Composite fell 1.7%, the S&P500 declined 1.5%, and the Dow Jones lost 2.2%.The Federal Reserve held its policy rate steady in a divided decision that included three officials calling for policy tightening. The central bank's Federal Open Market Committee maintained the target range for the federal funds rate at 3.50% to 3.75%, marking its fifth consecutive pause.On the domestic front, the ANZ New Zealand Business Outlook rose to a net 56.1 in July, up from 36.6 in June, while expected own activity rose to 49.3 from 36.9, according to a report from ANZ Research.In corporate news, Freightways Group (NZE:FRW, ASX:FRW) appointed board member David Gibson as chair to succeed Mark Cairns, effective Thursday.

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International

ANZ New Zealand Business Outlook Rises in July

The ANZ New Zealand Business Outlook rose to a net 56.1 in July, up from 36.6 in June, while expected own activity rose to 49.3 from 36.9, according to a report from ANZ Research published Thursday.Economy-wide reported past activity inched up 1 point to 10, while one-year-ahead inflation expectations fell to 3.1% from 3.4%.The net percent of firms expecting to raise prices in the next three months fell to 47%, and the firms expecting cost increases fell to 78%.ANZ Research said this month's data points to growing optimism across New Zealand's economy, with business confidence and firms' own-activity expectations remaining at historically strong levels despite mixed sector performance.However, forward-looking activity indicators softened later in July following the Reserve Bank of New Zealand's (RBNZ) rate hike and volatile oil prices, even as overall business confidence and firms' own-activity expectations remained robust.Firms' wage intentions remained broadly unchanged, but continue to run slightly above the RBNZ's forecasts, signaling persistent medium-term inflation pressures despite limited movement in the latest indicators.ANZ noted that heightened geopolitical uncertainty and volatile oil prices highlight the need to closely monitor business confidence, with the economic outlook depending on whether firms and households keep investing and spending or retreat into survival mode.

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Asia

NZX Midday Sector Update: Finance Advances, Industrial Services Declines

Finance shares gained the most on New Zealand's Exchange, rising over 2% by midday Thursday.Westpac Banking (NZE:WBC, ASX:WBC) gained nearly 4% in recent trade.Meanwhile, the industrial services sector fell past 3%.Ventia Services Group (NZE:VNT, ASX:VNT) shares fell more than 4% in recent trade.

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Asia

New Zealand Shares at All-Time High; ikeGPS Group Posts Flat Fiscal Q1 Revenue

New Zealand shares reached an all-time high on Wednesday while trading remained mixed in Asia amid an AI sell-off and continued US-Iran conflict.The S&P/NZX 50 Index rose 0.83% or 114.74 points to close at 13,976.67.The US military said on Tuesday it carried out joint strikes with Saudi forces in Iraq targeting militant groups aligned with Iran, according to a Wednesday Reuters report.On the domestic front, a total of 3,169 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) Pulse auction held Tuesday, with supply ranging from 2,750 MT to 3,200 MT, according to data from the trading platform.In corporate news, ikeGPS Group (ASX:IKE, NZE:IKE) reported fiscal first-quarter revenue of around NZ$6.4 million, unchanged from a year earlier, reflecting interim softness in one-off and lower-margin services revenue.Serko (ASX:SKO, NZE:SKO) reported that fiscal first-quarter online bookings increased 1% year over year to NZ$2.3 million, while completed room nights (CRNs) rose 39% to NZ$1.4 million.

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International

New Zealand's Unemployment Rate Forecast to Rise to 5.4% for June Quarter, Westpac Says

New Zealand's unemployment rate is forecast to rise to 5.4% for the June quarter, with employment growing slowly, Westpac Banking said in a note on Wednesday.This comes after a slight fall in the unemployment rate to 5.3% in the March quarter.While employment has been gradually picking up again in recent months, it is not keeping up with population growth. The bank said it expects to see a rise in the unemployment rate accompanied by or replaced with a fall in labor force participation, as employment fails to keep pace with population growth.Wage growth in the country is likely to remain subdued, given the slack in the labor market. The labor market can still be characterized as a "low-fire, low-hire" environment.

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Japan

NZX Midday Sector Update: Distribution Services Rises, Electronic Technology Sector Struggles

Distribution services stocks advanced over 3% at midday Wednesday.Vulcan Steel (NZE:VSL, ASX:VSL) gained almost 3% in recent trade.On the flip side, the electronic technology sector struggled, shedding nearly 2%.ikeGPS Group (ASX:IKE, NZE:IKE) shares fell past 1% in recent trade.The company on Wednesday reported fiscal first-quarter revenue of around NZ$6.4 million, unchanged from a year earlier, reflecting interim softness in one-off and lower-margin services revenue.

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International

Quantity Sold at GDT Pulse Auction Exceeds 3,000 Metric Tonnes

A total of 3,169 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) Pulse auction held Tuesday, with supply ranging from 2,750 MT to 3,200 MT, according to data from the trading platform.The average selling price for anhydrous milk fat was $6,534 per MT, butter averaged $5,265 per MT, and skim milk powder and whole milk powder averaged $3,150 per MT and $3,446 per MT, respectively.

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Asia

New Zealand Shares Flat; Bremworth Appoints CEO

New Zealand shares remained flat on Tuesday while Asian shares saw a broad-based decline amid a sell-off in Asian chip stocks.The S&P/NZX 50 Index was little changed to close at 13,861.93.On the domestic front, the seasonally adjusted number of filled jobs across New Zealand industries rose 0.1%, or 2,728 jobs, month on month to 2.4 million in June, following a 0.2% increase in the previous month, data from Stats NZ showed.Also, the number of enterprises in New Zealand hit 603,549 in June, up from 598,137 in May, according to data by Stats NZ.Further, the cost of living for the average New Zealand household rose 3.2% in the 12 months to the June quarter, as measured by the household living-costs price indexes, according to data from Stats NZ.Meanwhile, New Zealand's unemployment rate is expected to rise 0.2 percentage points to 5.5% in the June quarter after some firms paused hiring in the wake of heightened global uncertainty and an oil price shock, according to a Tuesday note by ANZ.In corporate news, Bremworth (NZE:BRW) said Craig Woolford has been appointed as its permanent chief executive after serving in the role on an interim basis since April 2025.Black Pearl Group (NZE:BPG, ASX:BPG) reported fiscal first quarter annual recurring revenue (ARR) of NZ$27.2 million, up 95% year on year.

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International

Cost of Living for Average New Zealand Household Up 3.2% in 12 Months to June Quarter, Stats NZ Says

The cost of living for the average New Zealand household rose 3.2% in the 12 months to the June quarter, as measured by the household living-costs price indexes, according to data from Stats NZ on Tuesday.Higher petrol prices were the largest contributor to the increase in household living costs in the period, according to prices and deflators spokesperson Nicola Growden. For the average household, petrol prices rose almost 28% over the period, accounting for almost one-third of the annual increase in living costs.Diesel prices accounted for nearly 10% of the 3.2 percent average household inflation rate.This followed a 2.1% increase in the 12 months to the March quarter.Inflation was 4.1% in the 12 months to the June quarter, following a 3.1% increase in the 12 months to the March quarter. Falling interest payments, down over 15%, were the main reason the cost of living for the average household remained below the overall inflation rate as measured by the consumers price index, per the report.

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Asia

NZX Midday Sector Update: Consumer Durables Sector Soars, Electronic Technology Sector Struggles

Consumer durables shares gained the most on New Zealand's Exchange, rising about 2% on Tuesday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose past 3% in recent trade.Meanwhile, shares of the electronic technology sector fell roughly 2%.ikeGPS Group (NZE:IKE, ASX:IKE) shares fell nearly 2% in recent trade.

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International

ANZ Forecasts Small Rise in New Zealand's Unemployment Rate in June Quarter

New Zealand's unemployment rate is expected to rise 0.2 percentage points to 5.5% in the June quarter after some firms paused hiring in the wake of heightened global uncertainty and oil price shock, according to a Tuesday note by ANZ Research.The employment rate is expected to be unchanged quarter over quarter, while the participation rate is forecast to fall by 0.1 percentage points to over 70%. The working‑age population is anticipated to increase by 0.3%.The ongoing weakness in the labor market should keep wage pressures contained, with annual wage growth measured by the LCI slowing 0.1 percentage points to 1.9% and the QES measure of private sector wages expected to slow 0.7 percentage points to 2.8% on an annual basis, ANZ said.This suggests that the labor market is unlikely to become a renewed source of accelerating consumer price index inflation pressures, with wage-price spiral risks mitigated.

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International

New Zealand Filled Jobs Rise in June

The seasonally adjusted number of filled jobs across New Zealand industries rose 0.1%, or 2,728 jobs, month on month to 2.4 million in June, following a 0.2% increase in the previous month, data from Stats NZ showed on Tuesday.Filled jobs in the goods-producing industries remained flat, while primary and service industries rose by 0.7% and 0.1%, respectively.By industry, the largest increase was in public administration and safety, with filled jobs up 4%, or 6,407 jobs, compared with June 2025.Meanwhile, total gross earnings rose 2.4% in June on an accrual basis compared with June 2025, while total gross earnings for the same month reached NZ$15.8 billion.

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