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611 stories mentioning S&P/NZX 50 IndexUpdated just now

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

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International

New Zealand Housing Market Prices Slightly Lower in August as Activity Slows, Inventory Builds, REINZ Says

The national median sale price in New Zealand's housing market fell 1.3% year over year in August to NZ$750,000 as the sales count declined 13% to 5,430, according to a Real Estate Institute of New Zealand (REINZ) property report published Tuesday.The sales figure for the month marks the sixth-lowest August in 35 years of REINZ records. Inventory levels, meanwhile, jumped 9.7% to 32,908 units, with Auckland and Wellington now having seen 31 straight months of year-on-year inventory growth.Properties took a median of 51 days to sell in August, three days longer than in the same month a year earlier and the fourth-highest August reading on record.The number of new listings at a national level fell 5.1% to 8,326. Auckland saw 3,278 new listings come to market in August, only slightly lower compared with a year ago.Fixed mortgage rates increased in August as major banks repriced in the first two weeks of the month, reflecting movements in wholesale swap markets through July, REINZ said. Household costs and upcoming general elections also impacted sentiment during the month, with some buyers adopting a 'wait-and-see' approach.The REINZ House Price Index declined 0.9% year over year in August, supporting the relative steadiness of the national median price.

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International

New Zealand Electronic Card Spending Falls in August

New Zealand's electronic card spending fell 0.5% month over month to NZ$9.75 billion in August on a seasonally-adjusted basis, compared with the 0.9% increase recorded in the previous month, according to data from Stats NZ on Tuesday.Retail spending fell 0.9% to NZ$7.02 billion, following a 1.2% increase in July.Core retail spending, which comprises consumables, durables, hospitality, and apparel, fell 1% to NZ$6.32 billion, following a 1.7% increase in the previous month.Services spending via electronic cards rose 1.2% to NZ$392 million, compared with 1.4% decrease in the previous month. Excluding services, spending in non-retail industries rose 1% to NZ$2.35 billion, following a 0.8% increase in the previous month.

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Asia

New Zealand Shares Flat, Scales Acquires JV Partner's Stake in European Pet Food Business for Undisclosed Sum

New Zealand shares ended flat with a negative bias on Monday as most Asian markets saw losses amid continued fears of disrupted global oil supply due to the Middle East conflict.The S&P/NZX 50 was little changed to close at 13,560.69.Fresh strikes on Saudi Arabia and vessels in the Gulf rattled the region on Sunday, as an attack on a Saudi oil pipeline and Houthi advances in Yemen threatened to deepen the war's toll on global energy supplies, according to a Sunday Reuters report.In domestic news, New Zealand's services sector continued to expand in August, extending its growth streak to three consecutive months, according to a statement by BusinessNZ.Further, the Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index showed an average 1.9% year-over-year increase in supplier costs for supermarkets in August, unchanged from July's result, according to an Infometrics report.In corporate news, Scales (NZE:SCL) acquired its joint venture partner's stake in European pet food business Esro Petfood for an undisclosed nominal consideration.Nine Entertainment (ASX:NEC) said its QMS NZ unit turned on its City Rail Link out-of-home digital advertising network in Auckland.

^NZ50ASX:NECNZE:SCL
Asia

New Zealand Advocacy Group Calls on Government to Pause Referrals of Fast-Track Housing Projects

Local Government New Zealand (LGNZ) is supporting calls for the country's government to pause and review referrals of fast-track housing projects, saying that some of those projects are placing "enormous strain" on existing infrastructure, according to a Sunday statement.LGNZ, a body that represents local and regional authorities in New Zealand, outlined a four-point plan to help maintain public confidence in fast-track housing.It welcomed the government's recent commitment to alter the framework for development contributions to enable councils to recover more of the costs from fast-tracked housing projects, but said those changes should be extended to include projects that have already applied for fast-track consideration.LGNZ further urged the government to consider the cumulative effect multiple projects could have on a given area, and undertake a longer-term review of fast-track housing's role.It argued that under the current system, developments can proceed "without regard for local housing or infrastructure capacity, while existing ratepayers are left footing the bill."In response to a query from, New Zealand Minister of Housing Chris Bishop said LGNZ's claims are "well ahead of the facts.""Only a small number of housing development projects have received final approval through fast-track, and none are past the early stages of construction," Bishop said. "It is therefore difficult to understand the basis for claims that fast-track developments are already placing 'enormous strain' on existing infrastructure or leaving ratepayers to pick up the bill," the minister added.

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New Zealand Services Sector Expands Further in August
Asia

New Zealand Services Sector Expands Further in August

New Zealand's services sector continued its expansion in August, helped by growth in new orders and supplier deliveries.The BusinessNZ Performance of Services Index (PSI) rose to 51.2 in August from 50.6 in July, above the 50-mark that indicates expansion but below the survey's long-term average of 52.7."It's encouraging to see the PSI post its strongest reading since returning to growth, though at 51.2 this remains a fragile recovery. With three of the five sub-indices still below 50, there's clearly more ground to make up before we can call this a solid turnaround," said BusinessNZ's CEO, Katherine Rich.The survey showed that cost of living pressures, interest rates, and election uncertainty remain front of mind for many respondents, softening sentiment with 60.8% of negative comments.New Orders was the strongest sub-index, rising to 55.2 from 52.8 in July, followed by Inventories at 50.8, down from 51.7, while Supplier Deliveries was the weakest at 49. Both Employment and Sales recorded 49.4, showing that the recovery was narrow.The GDP-weighted BusinessNZ Performance of Composite Index, a combined measure of the services and manufacturing sectors, rose slightly to 51.6 from 51.1 in July, while the free-weighted index was flat at 52.5.BusinessNZ said that the manufacturing and services index together provide a composite activity indicator consistent with annual GDP growth of around 2%, in line with its GDP growth forecasts for the second half of the year.

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International

Supplier Costs for New Zealand Supermarkets Rise Nearly 2% in August

The Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index showed an average 1.9% year-over-year increase in supplier costs for supermarkets in August, unchanged from July's result, according to an Infometrics report on Monday.Supplier costs rose across all departments in August compared with a year earlier, with seafood and butchery costs remaining higher due to sustained global demand and pricing trends, although the pace of cost growth for chilled foods slowed a little amid slightly lower dairy costs."The August data continues a recent trend of a more elevated number of cost increases being recorded, but at a less intense pace than originally expected," said Brad Olsen, principal economist at Infometrics."Broader input cost data shows businesses were either less willing to raise costs, or unable to respond as quickly as the knock-on economic effects of the Middle East conflict emerged," Olsen added.The renewed conflict continues to cloud the cost outlook for the remainder of this year, with oil prices moving higher again and raising expectations for further cost adjustments in the coming months, Olsen said.

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Asia

NZX Midday Sector Update: Consumer Non-Durables Stocks Jump, Communications Sector Struggles

Consumer non-durables stocks advanced almost 2% at midday Monday.a2 Milk Company (NZE:ATM, ASX:A2M) gained almost 4% in recent trade.On the flip side, the communications sector struggled, shedding over 1%.Chorus (ASX:CNU, NZE:CNU) drove the decline, with shares dropping nearly 4%.

^NZ50ASX:A2MASX:CNUNZE:ATMNZE:CNU
International

New Zealand Farmer Perceptions of Current Economic Conditions in January Show Strongest Reading Since 2017

New Zealand farmer perceptions of present general economic conditions strengthened further to a net 37% viewing conditions as good in January, the strongest reading since 2017, according to the Federated Farmers' January Farm Confidence Survey released on Monday.The result indicates continued benefits from official cash rate cuts to 2.25%, strong commodity prices, and reduced debt servicing costs.In January 2025, farmer confidence rose 68 points since July 2024, rebounding to a net positive score of 2% from negative 66%.Forward sentiment in January was modestly positive at net 4%, down from 6% in July 2025, signaling a shift away from negativity since 2014. However, cost pressures and market volatility concerns continue to create a gap between strong current performance and a cautious future outlook.Current farm profitability reached a record 70%, with the recovery across most sectors stable, but profit expectations turned negative for the first time since early 2024, with a 21-point drop driven by dairy's decline to negative 32% due to margin concerns.

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International

New Zealand Services Sector Extends Growth Streak in August

New Zealand's services sector continued to expand in August, extending its growth streak to three consecutive months, according to a statement by BusinessNZ on Monday.The BusinessNZ Performance of Services Index (PSI) rose to 51.2 in August from 50.6 in July. A reading above the 50-point mark points to expansion.New Zealand's services sector has posted its strongest reading since returning to growth, although the recovery remains fragile with three of five sub-indices still below 50, said Katherine Rich, BusinessNZ's chief executive.The activity/sales indicator fell to 49.4 in August from 50.4 in July, while the employment measure inched up to 49.4 from 48.5. Stocks/inventories fell to 50.8 from 51.7, supplier deliveries increased to 49 from 48.4, and new orders/business climbed to 55.2 from 52.8.Respondent comments highlighted ongoing concerns around cost-of-living pressures, interest rates and election uncertainty, with sentiment softening from July as nearly 61% of comments were negative.The PSI's three-month moving average rose to nearly 51, its highest level since July 2023, suggesting a gradual upward trend despite the recovery remaining fragile, said Doug Steel, BusinessNZ's senior economist.The seasonally adjusted BusinessNZ Performance of Composite Index remained in expansion territory in August, extending its run of growth.The gross domestic product-weighted index rose slightly to 51.6 in August from 51.1 in July, while the free-weighted index remained unchanged at 52.5.

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Asia

New Zealand Shares Fall, The Bankers Investment Trust Reports Net Asset Value

New Zealand shares ended lower on Friday as all Asian markets fell due to rising oil prices fueling inflation risks.The S&P/NZX 50 fell 0.95% or 130.68 points to close at 13,580.33.Brent crude rose to about $107 in recent Friday trade as the Middle East conflict continued to pressure global oil supply.Overnight, the Nasdaq Composite fell 0.7%, the S&P 500 lost 0.6%, and the Dow Jones decreased 0.6%.In domestic news, New Zealand's manufacturing sector continued to expand in August, although growth slowed from July as employment stalled at the breakeven level, BusinessNZ.A developing El Niño climate phenomenon pattern threatens an increased risk of drought in many parts of New Zealand, with the main economic risk being to pasture-based agriculture, Westpac said in a report.In corporate news, The Bankers Investment Trust's (NZE:BIT) unaudited net asset value was 1.607 pounds sterling per share as of Wednesday.Henderson Far East Income's (NZE:HFL) unaudited net asset value, including current fiscal year revenue items, was 2.617 pounds sterling per share as of Wednesday.

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Asia

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Friday.Serko (NZE:SKO): -3%, NZ$1.40Gentrack Group (NZE:GTK): -3%, NZ$3.86EROAD (NZE:ERD): -2%, NZ$0.99Santana Minerals (NZE:SMI): -2%, NZ$0.65New Zealand Rural Land (NZE:NZL): -2%, NZ$0.92Kingfish (NZE:KFL): -2%, NZ$1.13Delegat Group (NZE:DGL): -2%, NZ$4.41Vulcan Steel (NZE:VSL): -2%, NZ$6.18Precinct Properties (NZE:PCT): -2%, NZ$0.94Spark New Zealand (NZE:SPK): -1%, NZ$2.05

^NZ50NZE:DGLNZE:ERDNZE:GTKNZE:KFLNZE:NZLNZE:PCTNZE:SKONZE:SMINZE:SPKNZE:VSL
Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.Radius Residential Care (NZE:RAD): +6%, NZ$0.45Synlait Milk (NZE:SML): +5%, NZ$0.40Briscoe Group (NZE:BGP): +3%, NZ$4.40Michael Hill International (NZE:MHJ): +2%, NZ$0.43ANZ Group Holdings (NZE:ANZ): +2%, NZ$45.77Scott Technology (NZE:SCT): +2%, NZ$2.86Winton Land (NZE:WIN): +2%, NZ$1.16The Warehouse Group (NZE:WHS): +2%, NZ$0.65SkyCity Entertainment Group (NZE:SKC): +2%, NZ$0.68Kiwi Property Group (NZE:KPG): +1%, NZ$0.90

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International

El Niño Climate Phenomenon Could Pose Risk to Pasture-Based Agriculture in New Zealand, Westpac Says

A developing El Niño climate phenomenon pattern threatens an increased risk of drought in many parts of New Zealand, with the main economic risk being to pasture-based agriculture, Westpac said in a report on Friday.A strong El Niño is developing and could intensify further, raising the risk of hot, dry conditions across parts of New Zealand over summer. It is expected to strengthen further in the next few months and persist into mid-2027. Dairy, sheep and beef farming in particular are at risk, where drought can reduce pasture growth, lower production, raise costs and disrupt processing patterns across the season.In worst-case scenarios, severe droughts in the past have led to as much as one percentage point being cut from gross domestic product growth.There is a clear downside risk to agricultural production, and these impacts are predominantly supply-side effects that reduce potential output. However, the impact is highly uncertain, the bank cautioned.Inflation effects are likely to be mixed but pointing higher, with potential upward pressure on dairy and imported food prices, partly offset by downward pressure on meat prices in the near-term.

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Asia

NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Friday.Precinct Properties NZ & Precinct Properties Investments (NZE:PCT): 777,570 sharesBLIS Technologies (NZE:BLT): 750,491 sharesArgosy Property (NZE:ARG): 706,631 sharesSpark New Zealand (NZE:SPK): 693,679 sharesAir New Zealand (NZE:AIR): 676,301 shares

^NZ50NZE:AIRNZE:ARGNZE:BLTNZE:PCTNZE:SPK
Asia

NZX Midday Sector Update: Electronic Technology Advances, Technology Services Decline

Electronic technology shares gained the most on New Zealand's Exchange, rising past 2% by midday Friday.Shares of ikeGPS Group (NZE:IKE, ASX:IKE) rose more than 2% in recent trade.On the flip side, the technology services sector struggled, shedding nearly 2%.Gentrack Group (ASX:GTK, NZE:GTK) shares fell almost 3% in recent trade.

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New Zealand's Manufacturing Sector Expansion Slows in August
US Markets

New Zealand's Manufacturing Sector Expansion Slows in August

New Zealand's manufacturing sector showed continued expansion in August, but at a slower pace than seen in July, as cost-of-living pressures and the Middle East conflict continued to weigh on sentiment.The seasonally adjusted BusinessNZ Performance of Manufacturing Index for August was 53.1, down from 54.3 in July but still hovering above the 50 mark that separates expansion and contraction, and higher than the survey's long-term average of 52.5.BusinessNZ Director of Advocacy, Catherine Beard, said that the survey is closely watching the employment subindex that's sitting right on the breakeven mark, also the weakest among all sub-indexes.Deliveries were the second lowest subindex at 52.6, down from July's 55.5, while finished stocks rose the highest at 56.4 from 53.4, followed by new orders, which rose to 54.9 from 53.6. Production fell to 54.2 from 57.1.Sentiment softened further in August with 55.7% of comments negative, though a "good number" of respondents said steady or improving order books was a positive note, as new orders and finished stocks were the only two sub-indexes that showed monthly growth.All sub-industries except "other" expanded in August, with food and beverage, textiles and non-metal manufacturing moving from contraction to expansion, while the decline in the overall PMI reflected softer readings in previously stronger industries rather than a broad-based weakening, BusinessNZ said.BusinessNZ added that the survey data shows positive economic momentum in the third quarter and supports its forecast of 2% gross domestic product growth in the second half of the year.

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International

New Zealand Manufacturing Growth Slows in August as Employment Stalls, BusinessNZ Says

New Zealand's manufacturing sector continued to expand in August, although growth slowed from July as employment stalled at the breakeven level, BusinessNZ said on Friday.The BusinessNZ Performance of Manufacturing Index (PMI) for August fell to 53.1 on a seasonally adjusted basis from July's 54.3, but remained above the survey's long-term average of 52.5.Manufacturing has remained in expansion for more than a year, although growth has slowed, with employment at the breakeven level and cost-of-living pressures and Middle East conflict weighing on businesses, said Catherine Beard, BNZ's director of advocacy.Sentiment weakened further this month, with nearly 56% of comments turning negative, although many respondents noted stable or improving order books as a positive sign.Among the sub-indices, production fell to 54.2 from 57.1, finished stocks increased to 56.4 from 53.4, employment decreased to 50 from 52.2, deliveries declined to 52.6 from 55.5, and new orders rose to 54.9 from 53.6."Although weaker than July's 54.3 print, the 3-month moving average of the PMI continues to rise, indicating the industry is performing well through monthly volatility," said Doug Steel, BNZ's senior economist.

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International

New Zealand House Prices to Stay Below 2021 Peaks Until Late 2029, Says ASB

New Zealand national house prices remain about 15% below their late 2021 peaks and roughly 30% lower after adjusting for inflation, with ASB expecting a moderate, income-led recovery that is unlikely to see nominal peaks until late 2029, according to a Thursday report by ASB."While affordability has improved, the market just hasn't taken off," says ASB Senior Economist Mark Smith."Buyers have more time and choice than they did during the last upswing, while sellers may need to keep expectations realistic. We aren't forecasting a return to the rapid capital gains of the past decade," Smith added.ASB expects national house prices to be broadly unchanged over the year, rising about 3.5% in 2027 before growing more in line with household incomes.The outlook differs by region as Auckland and Wellington have seen larger falls since the peak while Christchurch has been more resilient, helped by a stronger regional economy and internal migration, ASB added.Smith said an income-led upswing might reduce the risk of economic overheating and support a more balanced expansion, potentially allowing for a more gradual monetary policy tightening by the Reserve Bank of New Zealand.However, an upside surprise in the housing market may lead to the official cash rate moving above ASB's current 3.25% peak view in 2027.

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Asia

New Zealand Shares Fall, Precinct Properties NZ & Precinct Properties Investments Confirms Sale of PwC Tower Now Unconditional

New Zealand shares ended lower on Thursday as Asian markets saw losses after Wednesday's Wall Street sell-off and continued attacks on oil vessels in the Middle East.The S&P/NZX 50 fell 0.78% or 108.42 points to close at 13,711.01.Overnight, the Nasdaq Composite fell 0.6%, the S&P 500 lost 0.5%, and the Dow Jones decreased 0.8%.Iran said on Wednesday it had struck 10 vessels near the Strait of Hormuz in retaliation after the US sank five Iranian oil tankers, marking the largest wave of shipping attacks by either side since the conflict began six months ago, according to a Reuters report.In domestic news, the New Zealand Light Traffic Index fell 1.2% in August and was down 0.7% from a year earlier, according to data from ANZ Research.In corporate news, Precinct Properties NZ Ltd & Precinct Properties Investments (NZE:PCT) confirmed that the sale of its 50% interest in Auckland's PwC Tower to an investment partnership with investment firm PAG is unconditional after securing the required consents.Bankers Investment Trust's (NZE:BIT) unaudited net asset value was 1.616 pounds sterling per share as of Tuesday.

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Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Thursday.Comvita (NZE:CVT): +4%, NZ$0.82Santana Minerals (NZE:SMI): +3%, NZ$0.66NZX (NZE:NZX): +3%, NZ$1.50EROAD (NZE:ERD): +2%, NZ$1.00Bankers Ord (NZE:BIT): +2%, NZ$3.51CDL Investments (NZE:CDI): +2%, NZ$0.64Channel Infrastructure (NZE:CHI): +0%, NZ$3.47ikeGPS Group (NZE:IKE): +1%, NZ$1.12Rua Gold (NZE:RGI): +1%, NZ$1.57Napier Port (NZE:NPH): +1%, NZ$3.62

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