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S&P/NZX 50 Index

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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.

What's the latest news on S&P/NZX 50 Index?

Asia

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Thursday.Radius Residential Care (NZE:RAD): -7%, NZ$0.43SKY Network Television (NZE:SKT): -6%, NZ$3.53Manuka Resources (NZE:MKR): -4%, NZ$0.09Spark New Zealand (NZE:SPK): -4%, NZ$2.08Freightways Group (NZE:FRW): -3%, NZ$12.77Fletcher Building (NZE:FBU): -3%, NZ$3.74Millennium & Copthorne Hotels (NZE:MCK): -2%, NZ$3.15Michael Hill International (NZE:MHJ): -2%, NZ$0.42Fonterra Co-operative Group (NZE:FCG): -2%, NZ$4.67Goodman Property Trust (NZE:GNZ): -2%, NZ$1.95

^NZ50NZE:FBUNZE:FCGNZE:FRWNZE:GNZNZE:MCKNZE:MHJNZE:MKRNZE:RADNZE:SKTNZE:SPK
Asia

NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Thursday.Goodman New Zealand & Goodman Property Services (NZE:GNZ): 1.3 million sharesPrecinct Properties NZ & Precinct Properties Investments (NZE:PCT): 1.1 million sharesFletcher Building (NZE:FBU): 986,827 sharesSpark New Zealand (NZE:SPK): 981,985 sharesRyman Healthcare (NZE:RYM): 898,001 shares

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Asia

NZX Sector Update: Consumer Durable Stocks Advance, Consumer Services Sector Struggles

Consumer durable stocks advanced nearly 2% in recent Thursday trade.KMD Brands (NZE:KMD, ASX:KMD) gained 1% in recent trade.On the flip side, the consumer services sector struggled, shedding almost 3%.Sky Network Television (NZE:SKT, ASX:SKT) shares fell nearly 5% in recent trade.

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International

New Zealand Traffic Activity Falls in August, ANZ Research Says

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 released Thursday.According to the ANZ Truckometer Index, light traffic, including motorbikes, cars, and vans, has declined noticeably in recent months, suggesting weaker demand and potentially reflecting reduced driving due to higher fuel prices, although some of the weakness may also be weather-related.The more volatile Heavy Traffic Index, tracking mostly trucks and some buses, fell 2.2% in August as the rebound from its winter low was weaker than usual, although it remained 1.3% higher year on year, the report said.

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International

Westpac Expects 0.2% Rise in New Zealand June Quarter GDP Despite Oil Shock

Westpac said it expects a 0.2% rise in New Zealand's June quarter gross domestic product (GDP), with the economy weathering the oil shock better than anticipated, though seasonal distortions are expected to subtract about 0.3 percentage points from the reported figure, pointing to an underlying pace of growth of about 0.5%, according to a Wednesday report by the bank.The bank said retail spending, particularly on hospitality, was the most visible casualty of the Middle East conflict as higher fuel prices squeezed household budgets, though construction, wholesaling and agriculture continued to benefit from low interest rates and strong demand for key exports.Westpac believes that a 0.2% rise would be stronger than what the Reserve Bank of New Zealand assumed in its September Monetary Policy Statement.Westpac also noted that while a stronger result could ease some committee members' concerns about downside risks to growth, they are likely to be more focused on upcoming inflation data in deciding their next move.

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Asia

New Zealand Shares Flat, Spark New Zealand Launches Data Center Interconnect Service in Partnership With Ciena

New Zealand shares were flat with a positive bias on Wednesday while Asian markets were mostly lower as investors digested an intensifying US-Iran conflict.The S&P/NZX 50 was little changed to close at 13,819.43.The Middle East conflict widened on Tuesday as Iranian-backed Houthis in Yemen struck several Saudi cities, drawing a key US ally deeper into the war, while US forces attacked multiple Iranian oil tankers and Iran targeted a US military base in Jordan, according to a Reuters report.In domestic news, a total of 3,452 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) Pulse auction held Tuesday, with supply ranging from 3,200 MT to 3,650 MT, according to data from the trading platform.Further, New Zealand's economy likely grew 0.1% in the second quarter from the linked three-month period, ANZ said in a report as it revised its preliminary forecast of a 0.2% contraction.Also, Reserve Bank of New Zealand Assistant Governor Karen Silk said repurchase agreement, or repo, markets have grown significantly in recent years globally, supported by more government bond issuance and changes in regulation, risk appetite and market infrastructure, and because of this, repo markets matter more for monetary policy, according to a Wednesday speech.In corporate news, Spark New Zealand (NZE:SPK, ASX:SPK) said its unit Spark Wholesale is launching a dedicated data center interconnect service using Ciena's 1.6 terabit per second coherent technology.RUA Gold (NZE:RGI) completed 19,600 meters of drilling at its Auld Creek gold-antimony project in New Zealand, surpassing its 19,000-meter target, with four rigs continuing to test a mineralized resource that remains open in all directions.

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Asia

NZX Sector Update: Consumer Durable Stocks Advance, Distribution Services Sector Struggles

Consumer durable stocks advanced nearly 3% in recent trade Wednesday.KMD Brands (NZE:KMD, ASX:KMD) gained almost 3% in recent trade.On the flip side, the distribution services sector struggled, shedding almost 3%.Rua Bioscience (NZE:RUA) shares fell nearly 3% in recent trade.

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International

ANZ Reverses Second-Quarter Contraction Forecast for New Zealand's Economy to a Slight Expansion

New Zealand's economy likely grew 0.1% in the second quarter from the linked three-month period, ANZ said in a Wednesday report as it revised its preliminary forecast of a 0.2% contraction.While higher fuel prices weighed on discretionary spending and broader confidence in the second quarter, relative strength in other areas of the economy, particularly construction, appears to have prevented overall gross domestic product from shrinking, the bank said."Timely data suggests reasonable GDP growth has resumed in recent months," ANZ said, noting that its 0.1% growth estimate compares with a flat forecast from the Reserve Bank of New Zealand (RBNZ).The RBNZ has hinted it might be able to put off the next interest rate hike until December. A GDP print slightly above the central bank's forecast may reassure policymakers about the recovery "but would not be a material enough surprise to meaningfully shift their view," ANZ said.The bank also expects the annual current account deficit to widen by 0.3 percentage point to 3.9% of GDP due to higher fuel import costs.Second-quarter GDP data is due for release on Sept. 17, and balance of payments data a day prior.

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International

RBNZ's Silk Calls for Deeper, More Resilient New Zealand Repo Market

Reserve Bank of New Zealand Assistant Governor Karen Silk said repurchase agreement, or repo, markets have grown significantly in recent years globally, supported by more government bond issuance and changes in regulation, risk appetite and market infrastructure, and because of this, repo markets matter more for monetary policy, according to a Wednesday speech.Silk said the RBNZ made changes to its liquidity management framework earlier this year, with a weekly repo operation now a key part of that framework, adding that building a deeper and more resilient repo market in New Zealand would require involvement from all market participants, including through more active price-making and building a wider network of counterparties.The assistant governor said repo is not only important for monetary policy transmission but also for financial stability, with the Financial Stability Board identifying three main risks in government bond-backed repo markets, including a build-up of leverage across the system, supply and demand quickly becoming unbalanced during periods of stress, and activity being concentrated among a small number of key firms.Silk said a well-functioning repo market can lower the amount of settlement cash needed and reduce the Reserve Bank's footprint in markets, adding that if done right, the repo market would support better liquidity management, stronger monetary policy transmission and a more dynamic and resilient capital market in New Zealand.

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International

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

A total of 3,452 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) Pulse auction held Tuesday, with supply ranging from 3,200 MT to 3,650 MT, according to data from the trading platform.The average selling price for anhydrous milk fat was $5,874 per MT, butter averaged $4,975 per MT, and skim milk powder and whole milk powder averaged $3,653 per MT and $3,590 per MT, respectively.

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Asia

New Zealand Shares Fall; Bremworth Says 2.36% Acceptances Received Under Mangawhai Collective's Partial Takeover Offer

New Zealand shares fell on Tuesday while Asian markets were mostly lower amid worries of an escalating US-Iran conflict.The S&P/NZX 50 Index slid 1.08% or 149.93 points to close at 13,792.90.Iran threatened the US with "economic warfare" on Tuesday and said it had fired an advanced missile at US warships, highlighting the risk of further escalation just days after both sides exchanged strikes, according to a Tuesday Reuters report.In domestic news, total actual filled jobs in New Zealand rose by 0.3%, or 4,277 jobs, in the June quarter compared with the March quarter, according to data published by Stats NZ.Also, sales for businesses in New Zealand increased 8.9% year over year in the June quarter to NZ$214 billion, while their operating profit rose 7.9% to NZ$29 billion, data from Stats NZ showed.In corporate news, Bremworth (NZE:BRW) said the level of acceptances received under Mangawhai Collective's offer in respect of the Bremworth shares is 2.36%, as of the end of the day on Monday.F&C Investment Trust (NZE:FCT) said its net assets before charges at market value, excluding income, came in at 3.7593 pounds sterling per ordinary share as of Sept. 4.

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Asia

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Tuesday.Gentrack Group (NZE:GTK): -4%, NZ$4.37Ryman Healthcare (NZE:RYM): -3%, NZ$2.01Vector (NZE:VCT): -3%, NZ$4.76T&G Global (NZE:TGG): -3%, NZ$2.31Vulcan Steel (NZE:VSL): -2%, NZ$6.77Radius Residential Care (NZE:RAD): -2%, NZ$0.46Fletcher Building (NZE:FBU): -2%, NZ$3.87Channel Infrastructure (NZE:CHI): -2%, NZ$3.52Napier Port Holdings (NZE:NPH): -2%, NZ$3.58Mainfreight (NZE:MFT): -1%, NZ$67.11

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Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Tuesday.New Zealand King Salmon (NZE:NZK): +2%, NZ$0.24Pacific Edge (NZE:PEB): +2%, NZ$0.25Rua Gold (NZE:RGI): +2%, NZ$1.51Vital Healthcare Property Trust (NZE:VHP): +2%, NZ$1.88SkyCity Entertainment Group (NZE:SKC): +1%, NZ$0.69Sky Network Television (NZE:SKT): +1%, NZ$3.73Henderson Far East Income (NZE:HFL): +1%, NZ$6.12Briscoe Group (NZE:BGP): +1%, NZ$4.50Property for Industry (NZE:PFI): +1%, NZ$2.31Scott Technology (NZE:SCT): +1%, NZ$2.93

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Asia

NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Tuesday.Precinct Properties NZ & Precinct Properties Investments (NZE:PCT): 1.2 million sharesRyman Healthcare (NZE:RYM): 779,008 sharesSpark New Zealand (NZE:SPK): 727,096 sharesSkyCity Entertainment Group (NZE:SKC): 558,919 sharesManuka Resources (NZE:MKR): 540,133 shares

^NZ50NZE:MKRNZE:PCTNZE:RYMNZE:SKCNZE:SPK
Asia

NZX Midday Sector Update: Consumer Durable Stocks Advance, Distribution Services Sector Struggles

Consumer durable stocks advanced past 4% at midday Tuesday.KMD Brands (NZE:KMD, ASX:KMD) gained more than 4% in recent trade.On the flip side, the distribution services sector struggled, shedding 2%.Vulcan Steel (NZE:VSL, ASX:VSL) shares fell past 2% in recent trade.

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International

New Zealand Businesses See Sales, Operating Profit Growth in June Quarter

Sales for businesses in New Zealand increased 8.9% year over year in the June quarter to NZ$214 billion, while their operating profit rose 7.9% to NZ$29 billion, data from Stats NZ showed Tuesday.Almost all industries recorded sales growth compared with the March quarter in seasonally adjusted terms, including wholesale trade with an increase of 6.4%; electricity, gas, water, and waste services up 20%; and manufacturing recording a gain of 3.1%.Meanwhile, sales for the rental, hiring, and real estate services industry declined 0.4% in the June quarter from the previous three-month period.For all industries combined, purchases were NZ$151 billion in the June quarter, up 10% from a year earlier. Aggregate salaries and wages paid totaled NZ$33 billion, an increase of 3.7% year over year, the data showed.

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International

New Zealand Total Actual Filled Jobs Rise in June Quarter

Total actual filled jobs in New Zealand rose by 0.3%, or 4,277 jobs, in the June quarter compared with the March quarter, according to data published by Stats NZ on Tuesday.Total seasonally adjusted filled jobs were up 0.1%, or 1,291 jobs, over the same period, the report said.The largest changes in seasonally adjusted filled jobs in the June quarter, compared with the March quarter, were recorded in financial and insurance services, health care and social assistance, and administrative and support services.At the regional level, Canterbury recorded the largest increase in seasonally adjusted filled jobs, followed by Auckland.Total gross earnings for the year ended June rose 3%, with the largest annual increases recorded in health care and social assistance, public administration and safety, and education and training.

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Asia

New Zealand Shares Fall; Port of Tauranga Secures Passage Development Fast-Track Approval

New Zealand shares slide on Monday amid concerns over global oil supplies as tensions rose around the Strait of Hormuz.The S&P/NZX 50 Index slid 0.22% or 31.35 points to close at 13,942.83.Brent crude oil futures rose to trade around $96 per barrel after the US and Iran traded attacks in the Middle East.Strong US jobs data spurred expectations of an imminent Federal Reserve rate hike.In domestic news, New Zealand's housing market continues to favor buyers, with residential property values decreasing by 1.9% nationally over the three months to the end of August, marking the largest quarterly decline in two years, according to the QV House Price Index.In corporate news, Port of Tauranga (NZE:POT) secured fast-track approval for the Stella Passage Development, according to a joint statement released by New Zealand Infrastructure Minister Chris Bishop and Regional Development Minister Shane Jones.Auckland International Airport (ASX:AIA, NZE:AIA) said it plans for international travelers to move through security screening before passport control within a new integrated departures terminal.

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Asia

NZX Midday Sector Update: Consumer Durable Stocks Advance, Distribution Services Sector Struggles

Consumer durable stocks advanced 2% at midday Monday.KMD Brands (NZE:KMD, ASX:KMD) gained 2% in recent trade.On the flip side, the distribution services sector struggled, shedding more than 3%.Vulcan Steel (NZE:VSL, ASX:VSL) shares fell past 3% in recent trade.

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International

New Zealand Residential Property Values Fall Over Three Months to End of August, QV Says

New Zealand's housing market continues to favor buyers, with residential property values decreasing by 1.9% nationally over the three months to the end of August, marking the largest quarterly decline in two years, according to the latest QV House Price Index released on Monday.The average New Zealand home is worth NZ$894,977, down 1.7% since the start of the year and 1.3% less than the same period last year.Numbers showed buyers remained firmly in control heading into spring, putting downward pressure on property values, QV national spokesperson Simon Petersen said.Auckland's average home value fell by 2.7% this quarter, its largest quarterly decline since August 2024, while Wellington saw a 3.5% reduction, its largest quarterly decline since March 2023.Meanwhile, Christchurch slipped 0.5%, its first negative quarterly result in 11 months, per the report.

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