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S&P/NZX 50 Index

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407 stories mentioning S&P/NZX 50 IndexUpdated 1d ago

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

International

New Zealand's Economy Now Expected to Experience Year of 'Positive But Still Sub-Par Growth,' Westpac Says

The outlook for New Zealand's economy has shifted now to another year of "positive but still sub-par growth" at 1.5% in the wake of the conflict in the Middle East, due to which oil and refined fuel prices have have rising, with real petrol and diesel prices now at 50-year high, Westpac said in a Wednesday report.The extent of the disruption to New Zealand's growth will depend on the duration of the conflict. Annual headline consumer price index inflation will move into the 4% to 5% range for some time and lift inflation expectations to some extent.Core inflation looks set to rise above the top of the Reserve Bank of New Zealand's target range and require the official cash rate to rise toward 3% this year, and higher through 2027, Westpac said. The resulting pressure on households' finances will be a significant drag on spending. High uncertainty will weigh on businesses' plans for hiring and investment.Unemployment is expected to rise to 5.6% from 5.3% currently.The expected economic hiatus will impact the services sector, retail spending, and hospitality the hardest, reflecting the implied hit to household incomes. Tourism will also be interrupted.The report assumed that transit through the Strait of Hormuz remains limited for a couple of months but gradually improves toward pre-conflict levels in late 2026 to mid-2027, with Brent crude declining to $83 per barrel by the end of 2026 and $64 per barrel by the end of 2027.

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Asia

NZX Midday Sector Update: Non-Energy Minerals Soar, Technology Services Decline

Non-energy minerals stocks gained the most on New Zealand's Exchange, rising past 1% in midday Wednesday.Santana Minerals (NZE:SMI, ASX:SMI) saw the sharpest increase in the sector, gaining more than 3% in recent trade.Meanwhile, the technology services sector fell almost 3%.Shares of Vista Group International (NZE:VGL, ASX:VGL) were down past 4% in recent trade.

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International

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

A total of 3,019 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) pulse auction held Tuesday, with supply ranging from 2,700 MT to 3,050 MT, according to data from the trading platform.The average selling price for anhydrous milk fat was $6,243 per MT, butter averaged $5,595 per MT, and skim milk powder and whole milk powder averaged $3,549 per MT and $3,768 per MT, respectively.

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Asia

New Zealand Shares Fall; Property for Industry Raises Fiscal Year 2026 Outlook

New Zealand shares ended lower on Tuesday as investors saw fading hopes of a US-Iran peace agreement.The S&P/NZX 50 Index fell 0.99% or 130.15 points to close at 13,080.33.US President Donald Trump said that the US ceasefire with Iran was "on life support" after Iran rejected a peace proposal by the US and insisted on its own list of demands, according to a Tuesday Reuters report.In domestic news, home property values in New Zealand held steady in April, showing no sense of urgency in the market, albeit with buyers having become increasingly cautious amid rising economic and political uncertainty, QV said.Also, light traffic in New Zealand fell about 1.7% in April, signaling softer demand as higher fuel prices made people more wary of driving, ANZ Research said.Meanwhile, New Zealand's seasonally adjusted volume of ready-mixed concrete rose 1.1% in the March quarter, following a 2.7% rise in the preceding three-month period, Stats NZ data showed.In corporate news, Property For Industry (NZE:PFI) has updated its fiscal year 2026 guidance and now expects to pay cash dividends of around NZ$0.095 per share, up from its previous guidance of at least NZ$0.0905.Comvita (NZE:CVT) successfully completed a NZ$40.5 million capital raise, including NZ$30 million from a pro-rata renounceable rights offer and a further NZ$10.5 million through a strategic placement.

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International

ANZ Sees Possible Spending Restraint in New Zealand's 2026 Budget

Tax increases appear unlikely, but some spending restraint is possible in the upcoming New Zealand budget, as a restraint could reduce inflation pressure, limit debt growth, and lower downgrade risk, ANZ Research said in a Tuesday report.ANZ noted that previous estimates suggested oil-shock impacts could add NZ$10 billion in debt issuance by 2030, while weaker growth forecasts now lift that estimate to NZ$15 billion, but cutting budget allowances by NZ$1 billion per year could reduce the increase to about NZ$5 billion.The bank believes that budget 2026 will be challenging as the government balances economic support, inflation risks, and debt sustainability.

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Asia

NZX Midday Sector Update: Industrial Services Stocks Rise, Health Technology Declines

Industrial services gained the most among New Zealand sectors on Tuesday, advancing nearly 1%.Ventia Services Group's (NZE:VNT, ASX:VNT) shares gained more than 1% in recent trade.Meanwhile, the health technology sector fell by almost 4%.Shares of Fisher & Paykel Healthcare (NZE:FPH, ASX:FPH) were down 4% in recent trade.

^NZ50ASX:FPHASX:VNTNZE:FPHNZE:VNT
International

Volume of Ready-Mixed Concrete in New Zealand Rises in the March Quarter

New Zealand's seasonally adjusted volume of ready-mixed concrete rose 1.1% in the March quarter, following a 2.7% rise in the preceding three-month period, Stats NZ data showed Tuesday.In actual terms, volume rose 1.8% year on year to 869,652 cubic meters.In the year ended March, 3.7 million cubic meters of ready-mixed concrete were produced, down 3.8% from the prior corresponding period, per the report.

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International

New Zealand Light, Heavy Traffic Decline in April, Says ANZ Research

Light traffic in New Zealand fell about 1.7% in April, signaling softer demand as higher fuel prices made people more wary of driving, ANZ Research said Tuesday.The light traffic index, which tracks the movement of motorbikes, cars, and vans and is an indicator of consumer demand in the country, was still up 2.4% year on year despite declines in recent months.The Heavy Traffic Index, which mainly tracks trucks and buses and is a marker of production activity, also fell by 1.2% during the month.

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International

Property Values in New Zealand Hold Steady in April, Says QV

Home property values in New Zealand held steady in April, showing no sense of urgency in the market, albeit with buyers having become increasingly cautious amid rising economic and political uncertainty, QV said Tuesday.According to the latest QV House Price Index, the average national property value grew by 0.2% to NZ$912,406 over the quarter, up 0.3% since the beginning of the year but down about 0.2% year-on-year.Regionally, average home values slipped 0.3% in Auckland and 0.1% in Wellington, in contrast to a 0.9% uptick in Christchurch.QV spokesperson Simon Petersen said it is highly likely that most buyers will take their "sweet time" to shop and wait for the right opportunity given continued paucity of listings available."We're heading into late autumn now, when activity does typically start to slow down a bit, and that's likely to keep levels of home value growth relatively subdued at best," Petersen added.The firm expects the stable and balanced market conditions seen so far in the year to continue in the short term.

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Asia Markets

New Zealand Shares Rise; Pacific Edge Launches NZ$24 Million Capital Raise

New Zealand shares ended marginally higher on Monday amid investors' worries of a prolonged US-Iran conflict.The S&P/NZX 50 Index rose 0.27% or 35.35 points to close at 13,210.48.US President Donald Trump rejected Iran's response to a US peace proposal, sending oil prices sharply higher on Monday, as fears grew that the conflict would continue and keep shipping through the Strait of Hormuz at a standstill, according to a Monday Reuters report.Brent oil price rose to about $105 per barrel in recent Monday trade.In domestic news, supplier costs for food supermarkets in New Zealand rose 2% on average in April from a year earlier, marking a continued slowdown in the pace of increases from recent months, Infometrics said in a report.In corporate news, Pacific Edge (ASX:PEB, NZE:PEB) launched a capital raising of up to NZ$24 million comprising an NZ$18 million institutional placement and a NZ$6 million retail offer at NZ$0.17 per share.Chorus' (NZE:CNU, ASX:CNU) website showed internet outages impacting parts of New Zealand early on Monday, concentrated in and around the Auckland area.

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International

New Zealand Food Supermarkets' Supplier Costs Rise in April With Further Increase Expected, Infometrics Says

Supplier costs for food supermarkets in New Zealand rose 2% on average in April from a year earlier, marking a continued slowdown in the pace of increases from recent months, Infometrics said in a Monday report.However, Infometrics Chief Executive and Principal Economist Brad Olsen cautioned that the slower readings "still largely pre-date rising costs stemming from conflict in the Middle East, with only some limited increases for produce showing through so far."The economic consultancy firm expects additional impact from the conflict to become evident in the Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index over the next few months."Fuel costs are set to influence costs first, followed by wider pressures from plastics and packaging costs, with further operating cost rises, like for fertilizer, showing through over time," Olsen said.Supplier costs ticked higher across all departments in April compared with the previous year, including a continued rise in protein costs and a nearly 5% increase in average seafood supplier costs, alongside notable increases for broccoli, kumara, and capsicums, according to the report.

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Japan

NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Monday.Vital Healthcare (NZE:VHP): 2.1 million sharesPrecinct Properties NZ & Precinct Properties Investments (NZE:PCT): 2 million sharesSpark New Zealand (NZE:SPK): 1.2 million sharesInfratil (NZE:IFT): 587,218 sharesAir New Zealand (NZE:AIR): 463,071 shares

^NZ50ASX:IFTNZE:AIRNZE:PCTNZE:SPKNZE:VHP
International

Westpac Expects Slower Normalization to Strait of Hormuz Shipping Flows

Shipping flows through the Strait of Hormuz are now expected to reach around 10% to 15% of pre-conflict levels through June, with a return to normal flows unlikely to materialize until mid-2027, Westpac said in a market outlook report published May 8.That compares with a previous forecast published in March for flows to hit around 20% of pre-conflict levels in May and June before recovering to normal by the close of this year."Our assumption of a more sustained period of disruption to shipping through the Strait means it will take longer for smaller Gulf producers, including Kuwait, that have faced some production 'shut ins' due to storage capacity constraints, to return to normal," the bank said.Due to continued uncertainty over a resolution to the conflict, global monetary and fiscal arms are incorporating higher inflation, lower growth, and weaker labor markets into baseline forecasts. Central banks are navigating the crisis with extreme caution and finding it increasingly difficult to balance inflation and growth risks, according to the report.Westpac said it continues to expect two additional rate hikes from the Australian central bank this year, but with a slightly later timing in August and September.The bank also expects a rate hike in New Zealand in September as higher fuel prices will result in a sharp lift to consumer price index inflation over the coming months.

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Asia

New Zealand Shares Retreat; Fletcher Building Unit to Sell Cheltenham Property to Forza Capital

New Zealand shares closed lower on Friday as doubts lingered around a US-Iran peace deal amid attacks in the Persian Gulf.The S&P/NZX 50 Index fell 0.6% or 80.07 points to close at 13,190.54.US President Donald Trump said that the ceasefire between Iran and the US was still in effect despite clashes between the forces of the two countries. Iran said the situation had returned to normal, according to a Reuters report. Brent crude oil futures rose 1.3% to $101.60 per barrel.In domestic news, first home buyers in New Zealand represented 27.5% of property purchases across the country in the first quarter, slightly lower than the 28.2% record high in the fourth quarter of 2025, according to a Cotality-Westpac report.New Zealand's total new lending increased to NZ$15.13 billion in March from NZ$11.05 billion in February, according to data from the Reserve Bank of New Zealand. New lending fully secured by residential mortgage rose to NZ$8.68 billion in March from NZ$6.99 billion in the previous month.In corporate news, Fletcher Building (ASX:FBU, NZE:FBU) said its Laminex Australia division has conditionally agreed to sell its Cheltenham, Melbourne property to Forza Capital for AU$53.8 million. The transaction is contingent upon Forza completing environmental due diligence and securing internal approvals by mid-June.Bankers Investment Trust's (NZE:BIT) unaudited net asset value was 1.516 pounds sterling per share as of Wednesday. This included current financial year revenue items and excluded shares held in treasury.

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International

New Zealand's Total New Lending Rises in March

New Zealand's total new lending increased to NZ$15.13 billion in March from NZ$11.05 billion in February, according to data from the Reserve Bank of New Zealand released on Friday.New lending fully secured by residential mortgage rose to NZ$8.68 billion in March from NZ$6.99 billion in the previous month.Personal consumer new lending increased to NZ$259 million from NZ$223 million. New lending for business rose to NZ$4.38 billion from NZ$2.74 billion.Lending for agricultural purposes rose to NZ$1.42 billion from NZ$854 million. Other new lending increased to NZ$384 million from NZ$250 million.

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Asia

New Zealand First Home Buyers Retain High Market Share Amid Favorable Conditions, Cotality-Westpac Report Says

First home buyers in New Zealand represented 27.5% of property purchases across the country in the first quarter, slightly lower than the 28.2% record high in the fourth quarter of 2025, according to a Cotality-Westpac report published Friday.First home buyers are purchasing more in a market that is busier overall: over the last 12 months, they bought some 24,800 properties, the biggest annual total since the third quarter of 2021, according to the report."This strength for [first home buyers] is being seen right across the country, with market shares running above their own long-term averages since 2005," the report said, noting that first-time buyers accounted for 37% of first-quarter activity in the broader Wellington area, roughly 8 percentage points higher than its average.Activity for first home buyers is supported by access to low-deposit finance, with recent central bank data showing that more than half of their loans are offered at less than 20% deposit."Looking ahead, although getting onto the property ladder remains challenging, conditions should stay relatively favorable for first home buyers," the report said.

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Asia

NZX Midday Sector Update: Consumer Services Stocks Advance, Financial Sector Struggles

Consumer services stocks advanced nearly 1% at midday Friday.Skycity Entertainment Group (NZE:SKC, ASX:SKC) gained nearly 1% in recent trade.On the flip side, the financial sector struggled, shedding almost 4%.Westpac Banking (NZE:WBC, ASX:WBC) shares fell nearly 5% in recent trade.

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International

OECD Says New Zealand Should Stop Frequent Changes to RBNZ Mandate

The Organisation for Economic Cooperation and Development (OECD) said New Zealand should reconsider how frequently it adjusts the Reserve Bank of New Zealand's remit, as frequent changes raise the risk of monetary policy mistakes, according to a Thursday report published by the organization.The central bank's remit is set by New Zealand's Minister of Finance and covers its operational objectives, including the target inflation range.The OECD said there have been frequent changes to the monetary policy mandate and remit since 2019, and that maintaining stability outside scheduled five-year review cycles would support the bank's credibility and enhance its ability to deliver on its inflation objectives.The organization recommended reinforcing the RBNZ's operational independence and credibility, noting that maintaining stability for the full five-year cycle until the 2028 review would support predictability, credibility, and confidence in the monetary policy regime.

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Asia

New Zealand Shares Rise; Comvita Rights Offer Meets NZ$25 Million Minimum Capital Raise Requirement

New Zealand shares ended higher on Thursday amid a broad-based rise in Asian shares as investors welcomed hopes of a US-Iran peace deal.The S&P/NZX 50 Index rose 0.95% or 125.42 points to close at 13,270.61.Iran said it was reviewing a peace proposal from the US on Wednesday, while US President Donald Trump said it's "very possible" that the two countries will come to a deal, according to a Wednesday Reuters report.In domestic news, the national average rent in New Zealand saw a 1.4% decline to NZ$631 per week in April, compared with NZ$640 per week during the same time last year, and almost NZ$30 below the highest recorded rent in May 2024 of NZ$660 per week.Also, the Organisation for Economic Cooperation and Development said New Zealand should reconsider how often it changes the Reserve Bank's remit, warning that frequent adjustments increase the risk of monetary policy errors, according to a Thursday statement by the international organization.In corporate news, Comvita (NZE:CVT) confirmed that it has satisfied the minimum capital raise requirement of NZ$25 million for its pro-rata renounceable rights offer, driven by strong shareholder participation and Fraser and Neave's nearly 20% shortfall commitment.Santana Minerals' (ASX:SMI, NZE:SMI) wholly owned subsidiary, Matakanui Land, has been approved by New Zealand's Overseas Investment Office to acquire land across Bendigo and Ardgour stations, clearing the way for the company's proposed gold mining project.

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International

National Average Rent in New Zealand Falls in April, Realestate.co.nz Says

National average rent in New Zealand saw a 1.4% decline to NZ$631 per week in April, compared with NZ$640 per week during the same time last year, and almost NZ$30 below the highest recorded rent in May 2024 of NZ$660 per week, according to figures from realestate.co.nz.Rent also decreased in most parts of the country, with the average weekly rent falling in 10 of 19 regions compared with last year.Central North Island rents fell to NZ$566 per week in April this year from NZ$619 in April 2025, while Gisborne rents fell to NZ$628 per week from NZ$664.Wellington also saw a year-on-year decline to NZ$620 per week from NZ$647 per week.Meanwhile, national new rental listings rose 5.1% in April this year to 6,165 from 5,868 in the same period last year.

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