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S&P/NZX 50 Index

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407 stories mentioning S&P/NZX 50 IndexUpdated 23h ago

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

Asia

New Zealand Shares Rise; Meridian Energy Gets Corporate Credit Rating Affirmation From S&P Global

New Zealand shares ended higher on Friday despite most Asian shares seeing losses after a Thursday Wall Street sell-off and continued US-Iran conflict.The S&P/NZX 50 Index rose 0.59% pr 79.90 points to close at 13,94.68.On Thursday, the Nasdaq Composite fell 1.5%, the S&P 500 lost 0.5%, while the Dow Jones slid 0.2%.Iran launched fresh attacks on US facilities in the Gulf on Friday following a sixth consecutive night of US strikes on Iranian military targets, according to a Friday Reuters report.In domestic news, Petrol and diesel prices in New Zealand decreased by around 4.2% and 12%, respectively, in June compared with the previous month, according to a Stats NZ selected price indexes report.Further, New Zealand consumer prices are expected to climb by 1.5% in the June quarter as the Middle East conflict drives oil prices up, Westpac said.Also, ANZ now expects second-quarter annual headline inflation in New Zealand to accelerate by 0.9 percentage points to 4%, slightly below its previous forecast of 4.1% but still a touch higher than a New Zealand central bank estimate of 3.9%, ANZ said.In corporate news, Meridian Energy (ASX:MEZ, NZE:MEL) said S&P Global Ratings reaffirmed the company's corporate credit rating at "BBB+" with a stable outlook.Property For Industry (NZE:PFI) completed a refinancing of its bank facilities with ANZ Group (ASX:ANZ, NZE:ANZ) unit ANZ Bank New Zealand, Bank of New Zealand, Commonwealth Bank of Australia (ASX:CBA), and Westpac Banking's (ASX:WBC, NZE:WBC) New Zealand unit.

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International

New Zealand Consumer Prices Expected to Climb 1.5% in June Quarter, Westpac Says

New Zealand consumer prices are expected to climb by 1.5% in the June quarter as the Middle East conflict drives oil prices up, Westpac said in a report on Friday.The rise would see the annual inflation rate rising to 4.1% from 3.1%, the highest level in two years, said Satish Ranchhod, Westpac NZ senior economist.Petrol prices have risen 20% over the quarter and diesel prices were up 51%, with recent months also seeing further increases in household energy prices.While core inflation has been softening, it remains above the 2% target midpoint even as economic growth slows and the labor market shows signs of softness.Westpac said its forecast aligns with the Reserve Bank's updated projection of 3.9% annual inflation, per the report.

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International

ANZ Trims Annual Headline Inflation Forecast for New Zealand on Faster Moderation of Fuel Prices

ANZ now expects second-quarter annual headline inflation in New Zealand to accelerate by 0.9 percentage points to 4%, slightly below its previous forecast of 4.1% but still a touch higher than a New Zealand central bank estimate of 3.9%, ANZ said in a Friday report.The revision mainly reflects a faster moderation of fuel prices than previously assumed, as well as an expectation for lower pharmaceutical product prices, the bank said.It added that annual non-tradable inflation is expected to slow slightly to 3.4% in the June quarter, while tradable inflation is anticipated to accelerate more than 2 percentage points to 4.8%.On a quarterly basis, ANZ foresees headline inflation coming in at 1.4% driven mainly by fuel prices.The Reserve Bank of New Zealand may need to raise its official cash rate by a higher degree if inflation pressures remain above forecast and if it finds that domestic firms are quick to pass on cost increases but slow to pass on decreases, ANZ said.The biggest risk for the central bank is higher fuel prices potentially spilling over into other parts of the consumer price index basket, which could generate "a broader inflation impulse that proves difficult to contain," ANZ said.

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Asia

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Friday.Asset Plus (NZE:APL): -3%, NZ$0.16Eroad (NZE:ERD): -3%, NZ$0.98Steel & Tube Holdings (NZE:STU): -3%, NZ$0.33Santana Minerals (NZE:SMI): -3%, NZ$0.52Manuka Resources (NZE:MKR): -3%, NZ$0.10PGG Wrightson (NZE:PGW): -3%, NZ$2.18Michael Hill International (NZE:MHJ): -2%, NZ$0.40Westpac Banking (NZE:WBC): -2%, NZ$43.39Goodman New Zealand & Goodman Property Services (NZE:GNZ): -2%, NZ$2.05Ventia Services Group (NZE:VNT): -2%, NZ$7.01

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Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.SkyCity Entertainment Group (NZE:SKC): +6%, NZ$0.57Gentrack Group (NZE:GTK): +4%, NZ$3.78Vulcan Steel (NZE:VSL): +3%, NZ$6.23Property For Industry (NZE:PFI): +3%, NZ$2.39Fletcher Building (NZE:FBU): +2%, NZ$3.73Marlin Global (NZE:MLN): +1%, NZ$0.75Stride Property Group (NZE:SPG): +1%, NZ$1.19Vista Group International (NZE:VGL): +1%, NZ$2.46Rua Gold (NZE:RGI): +1%, NZ$1.57Channel Infrastructure (NZE:CHI): +1%, NZ$3.24

^NZ50NZE:CHINZE:FBUNZE:GTKNZE:MLNNZE:PFINZE:RGINZE:SKCNZE:SPGNZE:VGLNZE:VSL
Asia

NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Friday.SkyCity Entertainment Group (NZE:SKC): 12.5 million sharesPacific Edge (NZE:PEB): 2 million sharesSpark New Zealand (NZE:SPK): 553,790 sharesTower (NZE:TWR): 536,818 sharesikeGPS Group (NZE:IKE): 477,067 shares

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Asia

NZX Midday Sector Update: Distribution Services Stocks Rise, Industrial Services Decline

Distribution services stocks advanced nearly 3% on midday trade on Friday.Shares of Vulcan Steel (NZE:VSL, ASX:VSL) gained over 2% in recent trade.The company on Friday said the sale of its 99 Albert Street office building and Victoria Street investment properties has become unconditional.On the flip side, the industrial services sector struggled, shedding 2%.Ventia Services Group (NZE:VNT, ASX:VNT) shares fell 2% in recent trade.

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International

New Zealand Fuel Prices Fall in June

Petrol and diesel prices in New Zealand decreased by around 4.2% and 12%, respectively, in June compared with the previous month, according to a Stats NZ selected price indexes report on Friday."Fuel prices remained high in June but decreased for a second consecutive month, following increases in March and April," said prices and deflators spokesperson Nicola Growden.Food prices rose 0.6% in June compared with the previous month, driven by a 2.3% increase in fruit and vegetable prices and a 0.4% rise in grocery food prices.Domestic airfares fell 4.1% in June from May, while international airfares rose 1.2%, and electricity and gas prices increased 0.4% and 0.9%, respectively.Food prices increased by 2.5% on an annual basis in June, compared with a 3.2% increase in the 12 months to May, driven mainly by a 6.2% rise in meat, poultry, and fish prices, followed by a 3.1% increase in restaurant meals and ready-to-eat food.Petrol and diesel prices both increased over the 12 months to June, rising by about 24% and 57%, respectively.

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Asia Markets

New Zealand Shares Flat; Meridian Energy Retail Contracted Sales Volumes Rise in June

New Zealand shares ended flat on Tuesday as most Asian markets saw losses as investors digested the continued US-Iran conflict.The S&P/NZX 50 Index was little changed to close at 13,615.51.US forces struck Iranian coastal defenses and missile sites twice on Wednesday following the reimposition of a naval blockade, as Iran hit back at American military installations in the region and framed the escalating conflict as an "existential war," according to a Wednesday Reuters report.New Zealand and Fiji signed a renewed five-year Duavata Partnership on Thursday, outlining cooperation priorities across trade, security, democracy, social development, and climate resilience for the period through 2030, according to a Thursday Reuters report, citing New Zealand Foreign Minister Winston ​Peters.In domestic news, New Zealand's national average asking price fell about NZ$11,000, or 1.3%, from May to NZ$823,300 in June, with new listings dropping 11% and demand measured by searches falling 14% month on month, according to a Thursday report by Trade Me.In corporate news, Meridian Energy's (ASX:MEZ, NZE:MEL) retail contracted sales volumes rose to 822 gigawatt hours (GWh) in June from 773 GWh a year earlier.

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International

New Zealand Average Asking Price Falls in June as Listings, Demand Decline, Says Trade Me

New Zealand's national average asking price fell about NZ$11,000, or 1.3%, from May to NZ$823,300 in June, with new listings dropping 11% and demand measured by searches falling 14% month on month, according to a Thursday report by Trade Me Property.Trade Me Property Customer Director Gavin Lloyd said the numbers are predictable for this time of year, reflecting a seasonal market script, with the property market typically shifting down a gear or two as temperatures drop.Auckland's average asking price fell 1.2% from May to NZ$992,700, marking the first time this year prices have dipped below the NZ$1 million average, the report added.Northland defied the early winter slump, recording a near 8% increase in average asking price from May and annual growth of more than 9%, the report added.

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Asia

NZX Midday Sector Update: Non-Energy Minerals Advances, Electronic Technology Declines

Shares of non-energy mineral firms gained the most on New Zealand's Exchange, rising over 1% by midday Thursday.Shares of Fletcher Building (ASX:FBU, NZE:FBU) rose over 1% in recent trade.Meanwhile, the electronic technology sector fell almost 2%.ikeGPS Group (NZE:IKE, ASX:IKE) shares fell about 2% in recent trade.

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Asia

New Zealand Shares Flat; Air New Zealand Loses Top Spot as Most Widely Held Stock on Sharesies

New Zealand shares ended flat on Tuesday as most Asian markets saw gains after the latest US inflation data lowered expectations of a Federal Reserve rate hike.The S&P/NZX 50 Index was little changed to close at 13,635.07.The US consumer price index declined 0.4% in June, its first monthly drop since May 2020 and the largest decline since April 2020, the Bureau of Labor Statistics said Tuesday. The consensus in a Bloomberg-compiled survey was for the index to move down by 0.1%.In domestic news, New Zealand's electronic card spending fell 1.2% month over month to NZ$9.71 billion in June on a seasonally-adjusted basis, compared with the 1.9% increase recorded in the previous month, according to data from Stats NZ.Also, a total of 3,083 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 3,150 MT, according to data from the trading platform.Meanwhile, New Zealand's national median house price rose 0.7% to NZ$770,000 in June compared with June 2025, while national sales count fell 2.9% to 5,996, according to a report by the Real Estate Institute of New ZealandFurther, the number of motor vehicles currently licensed in New Zealand in June reached 4.6 million, slightly higher than a year ago, according to a report released by Stats NZMoreover, a survey conducted early this month showed that 60% of New Zealanders are still concerned about the impact of the Middle East conflict on their finances despite lower fuel prices, Westpac NZ said.In corporate news, Air New Zealand (NZE:AIR, ASX:AIZ) lost the top company spot on the Sharesies bundle for the first time since the index launched in 2023.Channel Infrastructure (ASX:CHI, NZE:CHI) said its fuel throughput for the June quarter fell 2% from a year earlier to 802 million liters amid higher fuel prices due to the Middle East conflict.

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International

Survey Shows 60% of New Zealanders Concerned About Impact of Middle East Conflict on Finances, Westpac Says

A survey conducted early this month showed that 60% of New Zealanders are still concerned about the impact of the Middle East conflict on their finances despite lower fuel prices, Westpac NZ on Wednesday said.In April, 76% of New Zealanders had expressed the same concern, the bank said.The July 7 survey of 535 people on research platform Ideally also showed that 19% of New Zealanders were "very concerned." A further 41% still had some level of concern, and 5% said they had no concerns at all.In addition, 44% of respondents were driving less to offset higher costs, 31% had changed how they shop for groceries, and 25% had deferred planned large purchases.Businesses exposed to high prices, including in the transport, manufacturing, and agricultural sectors, still reported tough conditions, said Reuben Tucker, managing director of institutional and business banking at Westpac NZ.

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Asia

NZX Midday Sector Update: Consumer Services Stocks Rise, Producer Manufacturing Sector Struggles

Consumer services stocks advanced over 0.7% on midday trade on Wednesday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 2% in recent trade.Meanwhile, shares of the producer manufacturing sector fell nearly 1.3%.Skellerup Holdings (NZE:SKL) drove the decline, with shares dropping over 1%.

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International

Total Motor Vehicles Licensed in New Zealand Rises Slightly in June

The number of motor vehicles currently licensed in New Zealand in June reached 4.6 million, slightly higher than a year ago, according to a report released by Stats NZ on Wednesday.Car registrations in June were also higher than the previous year at 2.9 million, while truck registrations rose to 744,578 from 735,355.The number of trailers, including caravans, fell to 631,654 from 641,015 last year.Meanwhile, the number of total commercial vehicles registered was up 3,986 in June from last year's 3,909.

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International

New Zealand House Prices Rise Marginally in June, Says REINZ

New Zealand's national median house price rose 0.7% to NZ$770,000 in June compared with June 2025, while national sales count fell 2.9% to 5,996, according to a Wednesday report by the Real Estate Institute of New Zealand (REINZ).The report said new listings rose 4.3% to 7,942, days to sell improved by one day to 48, and inventory levels rose 7.3% to 34,761.West Coast was the strongest performing region, with a median price of NZ$474,350, up nearly 13% year on year, followed by Canterbury with a median price of NZ$710,000, up 5.2% year on year."The New Zealand housing market has become a series of local markets moving at different speeds. Buyers and sellers in one part of the country are having a very different experience from those in another, making the local knowledge of trusted real estate professionals more important than ever," said REINZ Chief Executive Lizzy Ryley.The national House Price Index (HPI) for June remained slightly negative on an annual basis at minus 0.8%, pointing to a softer underlying price trend, per the report. The raw and seasonally adjusted median sale price both recorded year-on-year gains in June, reflecting continued strength in some of the country's higher-value regions, REINZ added.REINZ said current market indicators suggest conditions are likely to remain broadly stable through winter, with local salespeople generally expecting stability to support a gradual build in activity over the coming months as confidence improves and more properties come to market.

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International

New Zealand Electronic Card Spending Falls in June

New Zealand's electronic card spending fell 1.2% month over month to NZ$9.71 billion in June on a seasonally-adjusted basis, compared with the 1.9% increase recorded in the previous month, according to data from Stats NZ on Wednesday.Retail spending fell 1.4% to NZ$7 billion, following a 1.6% increase in May.Core retail spending, which comprises consumables, durables, hospitality, and apparel, fell 1.5% to NZ$6.27 billion, following a 1.7% increase in the previous month.Services spending via electronic cards rose 1.8% to NZ$395 million, compared with 0.2% increase in the previous month. Excluding services, spending in non-retail industries fell 1.4% to NZ$2.3 billion, following a 2.6% increase in the previous month.

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International

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

A total of 3,083 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 3,150 MT, according to data from the trading platform.The average selling price for anhydrous milk fat was $6,214 per MT, butter averaged $5,315 per MT, and skim milk powder and whole milk powder averaged $3,122 per MT and $3,436 per MT, respectively.

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Asia

New Zealand Shares Fall; Skellerup Holdings Boosts Fiscal Year 2026 Net Profit After Tax Guidance

New Zealand shares ended lower on Tuesday as most Asian markets saw losses after fresh hostilities between the US and Iran dimmed hopes of a peace deal.The S&P/NZX 50 Index fell 0.52% or 71.98 points to close at 13,651.22.On Monday, the Nasdaq fell 1.6%, the S&P 500 lost 0.8%, and the Dow Jones dropped 0.3%US President Donald Trump reinstated a blockade of Iranian shipping and proposed a 20% fee for vessels using the Strait of Hormuz on Monday, as US forces launched strikes on Iran for the third night running, according to a Tuesday Reuters report.In domestic news, New Zealand recorded a recovery in business confidence in the June quarter, with a net 12% of firms forecasting better general economic conditions over the coming months on a seasonally adjusted basis, the New Zealand Institute of Economic Research (NZIER) said.Also, while near-term inflation pressures in New Zealand appear to have eased, renewed tensions in the Middle East over the last week present upside risks to the central bank's 3.3% inflation forecast for the September quarter, Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said.In corporate news, Skellerup Holdings (NZE:SKL) increased its fiscal 2026 net profit after tax guidance to between NZ$64 million and NZ$65 million from a previous range of NZ$57 million to NZ$62 million.Ryman Healthcare (ASX:RYM, NZE:RYM) reported 325 sales of retirement living occupation right agreements for the June quarter, including 265 resales and 60 new sales.

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International

Renewed Middle East Tensions Create Upside Risks to New Zealand's Inflation Forecasts, RBNZ Chief Economist Says

While near-term inflation pressures in New Zealand appear to have eased, renewed tensions in the Middle East over the last week present upside risks to the central bank's 3.3% inflation forecast for the September quarter, Reserve Bank of New Zealand (RBNZ) Chief Economist Paul Conway said Tuesday.The conflict delivered another significant inflation shock to economies across the globe, and the challenge for monetary policy is to make sure that a temporary increase in petrochemical prices does not lead to persistent inflation, Conway said in a speech at a Business New Zealand event in Wellington.The RBNZ previously forecast inflation in New Zealand to be 4.2% in the June quarter and 4.3% in the current quarter, but reduced those estimates to 3.9% and 3.3%, respectively, in its latest monetary policy review.Research indicates that businesses in New Zealand pass on cost increases more readily now than in the past, and are less likely to cut prices when costs fall, which raises the risk of temporary shocks morphing into persistent inflation, Conway said.Larger firms tend to reprice more frequently, so their pricing decisions can offer an early signal on inflationary pressures, and understanding such price-setting behavior will be key as the RBNZ strives to bring inflation back to within its 1% to 3% target range over the medium term, the economist said."Taken together, these findings suggest that cost shocks may now pass through and become embedded in inflation more quickly than in the past," Conway said, adding that properly guided monetary policy can prevent this from happening.

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