S&amp;P/NZX 50 Index

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New Zealand Shares Rise; Manuka Resources Enters Trading Hlt Ahead of 'Material' Capital Raising

New Zealand shares rose on Friday, as most Asian markets saw gains after Thursday's Wall Street rally and lower Federal Reserve rate-hike fears.The S&P/NZX 50 Index rose 0.92% or 128 points to close at 13,974.18.Overnight, the Nasdaq Composite added 1.4%, the S&P 500 rose 1.1%, while the Dow Jones gained 1.2%.Federal Reserve Governor Christopher Waller said on Thursday he is inclined to hold interest rates steady at this month's policy meeting if upcoming inflation data confirms that price pressures continue to ease, according to a Thursday Reuters report.In domestic news, Cotality NZ's Home Value Index for August showed property values across New Zealand fell by 0.4% over the month, marking the fifth consecutive monthly decline, according to a report.Also, Auckland business confidence has rebounded over the past three months, with the share of businesses in the city rating overall confidence as negative or very negative falling to 40% in August from 54% in May, while positive sentiment climbed to 26% from 15%, according to a report by New Zealand's Auckland Business Chamber.Further, residential building activity in New Zealand appears to have found a base as early signs of an upswing are forming, Westpac said in a note.Meanwhile, New Zealand's total new lending declined to NZ$15.05 billion in July from NZ$16.14 billion in June, according to data from the Reserve Bank of New Zealand.In corporate news, Manuka Resources (ASX:MKR, NZE:MKR) entered a trading halt ahead of a "material" capital raising disclosure.F&C Investment Trust (NZE:FCT) said its net assets before charges at market value, excluding income, came in at 3.7272 pounds sterling per ordinary share as of Wednesday.

Middle East Geopolitical Stalemate Likely to Keep Persian Gulf Oil Flows Constrained into 2027, ANZ Says

A geopolitical stalemate in the Middle East is likely to keep Persian Gulf oil flows constrained into 2027, ANZ Research said in a note on Friday.The US' naval blockade of Iranian ports remains in place, and no negotiations are currently scheduled. Tensions across the broader Middle East have also intensified. Attacks on vessels attempting to use a US-supported shipping route near Oman have continued.Measured against February's output, the conflict has displaced over 1.9 billion barrels of crude oil supply from Persian Gulf producers since March. Cumulative losses are expected to exceed 2 billion barrels by the end of October and total 2.3 billion to 2.4 billion barrels for the year.Under the bank's base case scenario, crude oil supply in August is expected to be slightly lower than in July, with further falls in September as output from Iran and Saudi Arabia declines. A gradual reopening is expected late in the December quarter. A full return to pre-war throughput is not expected until late March 2027 quarter or early June 2027 quarter.As shipping companies adapt to operating in a higher risk environment, selective crossings, the ongoing shuttle system and other mechanisms could lift oil flows to 6 million barrels per day by the end of the year and around 11 million barrels per day by the end of the June 2027 quarter.Global product inventories have fallen to 1.8 billion barrels from 2.05 billion barrels over the past six months. Inventory releases and China's sharp reduction in crude oil imports cushioned the initial supply shock, but those buffers are rapidly diminishing. Supply is recovering only gradually, and demand destruction will be needed to rebuild inventories and ease prices.The bank raised its Brent crude oil forecast to $95 per barrel in the short term, with upside risk if the Middle East conflict intensifies.

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New Zealand's Total New Lending Declines Month-over-Month in July

New Zealand's total new lending declined to NZ$15.05 billion in July from NZ$16.14 billion in June, according to data from the Reserve Bank of New Zealand released on Friday.The total new lending was NZ$17.66 billion in July 2025.New lending fully secured by residential mortgage fell to NZ$8.27 billion in July from NZ$8.32 billion in the previous month.Personal consumer new lending inched down to NZ$235 million from NZ$236 million. New lending for business rose to NZ$4.44 billion from NZ$3.87 billion.Lending for agricultural purposes plunged to NZ$1.5 billion from NZ$3.15 billion. Other new lending increased to NZ$612 million from NZ$570 million.

Early Signs of Upswing in Residential Building Activity in New Zealand Forming, Westpac Says

Residential building activity in New Zealand appears to have found a base as early signs of an upswing are forming, Westpac said in a Friday note.New Zealand's seasonally adjusted total building volume rose 4.8% in the June quarter compared with the March quarter. Residential building volume rose 4.8%, while non-residential volume increased 3.3%.There are positive signs for the residential building sector, with the number of new homes being consented up 21% year-over-year. The upswing in home building is expected by the back half of the year, extending into 2027.However, caution is warranted about this upswing, given ongoing softness in the housing market, low population growth, and upward pressure on borrowing costs, the bank added.While non-residential building activity saw a solid rise, the risks on this front are to the downside. Developers and occupiers are likely to remain cautious about committing to major capital expenditure in the near term due to sluggish economic conditions and ongoing uncertainty about its outlook.

Auckland Business Confidence Rebounds in August as Iran War Shock Recedes, Says New Zealand's Auckland Business Chamber

Auckland business confidence has rebounded over the past three months, with the share of businesses in the city rating overall confidence as negative or very negative, falling to 40% in August from 54% in May, while positive sentiment climbed to 26% from 15%, according to a Friday report by New Zealand's Auckland Business Chamber.The report said investment and hiring intentions in the city have both strengthened, with businesses planning to invest in the next 12 months rising to 59% from 50% and those planning to hire jumping to 50% from 36%, while only 8% of businesses now expect to reduce headcount.The share of businesses finding energy costs unaffordable dropped to 48% from 55%, although it remains well above February's 40%, while the share of businesses reporting fewer customers paying on time fell to 29% from 48%, the most significant improvement of any indicator in the survey, the report added.Consumer confidence and demand remains businesses' single biggest concern, cited by 64% of respondents, while inflation and interest rate anxiety eased to 46% from 55% and geopolitical and trade risk fell to 34% from 45% as the Iran conflict receded from front-of-mind, the report added.Auckland Business Chamber Chief Executive Simon Bridges said that the task for the next government, whoever forms it after November, is to give businesses the stability to keep building on the improvement.

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NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Friday.Santana Minerals (NZE:SMI): -4%, NZ$0.63Rua Gold (NZE:RGI): -4%, NZ$1.46New Zealand King Salmon (NZE:NZK): -2%, NZ$0.23Scott Technology (NZE:SCT): -1%, NZ$2.83Summerset Group (NZE:SUM): -1%, NZ$8.15New Zealand Rural Land (NZE:NZL): -1%, NZ$0.92Contact Energy (NZE:CEN): -1%, NZ$8.74

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NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.Winton Land (NZE:WIN): +9%, NZ$1.18Scales Corporation (NZE:SCL): +4%, NZ$7.49Serko (NZE:SKO): +3%, NZ$1.55Channel Infrastructure (NZE:CHI): +3%, NZ$3.57Mainfreight (NZE:MFT): +3%, NZ$67.33Oceania Healthcare (NZE:OCA): +3%, NZ$0.79T&G Global (NZE:TGG): +3%, NZ$2.37Radius Residential Care (NZE:RAD): +2%, NZ$0.45NZX (NZE:NZX): +2%, NZ$1.48Air New Zealand (NZE:AIR): +1%, NZ$0.39

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NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Friday.Air New Zealand (NZE:AIR): 961,079 sharesPrecinct Properties NZ & Precinct Properties Investments (NZE:PCT): 874,967 sharesGoodman New Zealand & Goodman Property Services (NZE:GNZ): 714,102 sharesMy Food Bag Group (NZE:MFB): 484,752 sharesGenesis Energy (NZE:GNE): 405,014 shares

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NZX Midday Sector Update: Energy Minerals Stocks Rise, Industrial Services Sector Struggles

Energy minerals stocks advanced past 3% at midday Friday.Channel Infrastructure NZ (NZE:CHI) gained almost 3% in recent trade.While most sectors rose, the industrial services sector fell slightly, down 0.4%.Shares of Ventia Services (NZE:VNT, ASX:VNT) edged lower by 0.4% in recent trade.

Cotality NZ's Home Value Index Shows New Zealand Property Values Fell in August

Cotality NZ's Home Value Index for August showed property values across New Zealand fell by 0.4% over the month, marking the fifth consecutive monthly decline, according to a Friday report.New Zealand property continued to trend lower in August, extending a period of subdued market conditions. The national median property value stood at NZ$797,944 in August, down just 1% from NZ$805,799 a year ago."Economic uncertainty, rising mortgage rates and a high level of properties available for sale are giving buyers little reason to rush," said Kelvin Davidson, Cotality NZ chief property economist. " At the same time, sellers generally aren't under significant pressure."Ōtautahi Christchurch was the only market among the main centers to record growth in August, inching up just 0.1%, while values in Te Whanganui-a-Tara Wellington fell by 0.6% and in Tāmaki Makaurau Auckland by 0.5%.There were widespread drops in values across Tāmaki Makaurau Auckland's sub-markets in August, with only Franklin holding steady. Each sub-market across the wider Te Whanganui-a-Tara Wellington area saw a decline in property values in August, per the report.Overall, the housing market remains in a holding pattern, which seems set to last into next year as well, Davidson added. "There's no sign of a sharp downturn, but equally there's no obvious catalyst for stronger growth in the near term," he said.

New Zealand's Total Building Volume Rise in June Quarter

New Zealand's seasonally adjusted total building volume rose 4.8% in the June quarter compared with the March quarter, Friday's data from Stats NZ showed.Residential building volume rose 4.8%, while non-residential volume increased 3.3%.Meanwhile, excluding cost changes or seasonal effects, the actual value of building work rose 5.2% year on year to NZ$8.2 billion in the June quarter.Residential building work increased 11% to NZ$5.2 billion, while non-residential work fell 3.4% to NZ$2.9 billion.The actual value of total building work increased across most regions, led by a 3.7% rise in Auckland to NZ$3.2 billion.

ANZ Card Spending Flat in August as Annual Growth Eases to 4.1%

ANZ said card spending was flat in August on a seasonally adjusted basis, with annual growth easing to 4.1% from 6.1%, according to a Friday report by the bank.The bank said most headline categories dipped compared to July, although tourism and recreation and non-retail trades and goods were both higher, while durables and hospitality continued a zig-zag pattern within an upward trend, falling after a lift in July.Strong contributions to annual growth came from non-retail services and tourism and recreation, though smaller growth rates in other categories weighed on total growth, ANZ said, noting that annual growth remains positive across all groups.Spending at fuel and electric vehicle charging stations fell 1.8% in August on a seasonally adjusted basis, extending declines from the prior month, while easing food price inflation may have contributed to softer spending at food-related store types, the report added.

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New Zealand Shares Fall; Bremworth Receives Revised Takeover Offer From Floorscape

New Zealand shares fell on Thursday despite most Asian markets rallying after Wall Street shares rose overnight, as Treasury yields edged lower.The S&P/NZX 50 Index fell 0.61% or 84.39 points to close at 13,846.18.Overnight, the Nasdaq Composite and the S&P 500 added 0.5%, while the Dow Jones gained 0.6%.In domestic news, the ANZ World Commodity Price Index fell 0.4% month-on-month in August, weighed down by weaker beef and butter prices, according to a report from ANZ Research.Also, New Zealand's two-way trade increased by 16% to NZ$64.88 billion in the June quarter compared with the prior corresponding period, Stats NZ data showedFurther, the Reserve Bank of New Zealand (RBNZ) is expected to hike the cash rate by 25 basis points to 2.75% at its September meeting, reaffirming its tightening bias, Bank of New Zealand (BNZ) said.In corporate news, Bremworth (NZE:BRW) has received a revised NZ$0.95 per share offer from Floorscape to acquire 100% of its shares, subject to shareholder and court approval and customary conditions.Winton Land (ASX:WTN, NZE:WIN) appointed Michael Stiassny as independent chair, effective Wednesday.

Dai-ichi Life Unit Signs Deal to Acquire Fidelity Life Assurance in New Zealand

Dai-ichi Life (TYO:8750) said its wholly owned New Zealand unit, Partners Group Holdings, has signed a share purchase agreement to acquire life insurer Fidelity Life Assurance Co. for NZ$630 million, according to a Tokyo Stock Exchange filing on Thursday.The Auckland-based unit said the transaction, subject to regulatory approvals and other authorizations, is scheduled to close between March 2027 and July 2027.Following the transaction, the unit will acquire all 4.5 million shares in Fidelity Life.

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NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Thursday.Scott Technology (NZE:SCT): +6%, NZ$2.87Santana Minerals (NZE:SMI): +6%, NZ$0.64Comvita (NZE:CVT): +5%, NZ$0.83Stride Stapled Group (NZE:SPG): +5%, NZ$1.14Tourism Holdings (NZE:THL): +2%, NZ$2.85ANZ Group Holdings (NZE:ANZ): +2%, NZ$46.63Scales Corporation (NZE:SCL): +2%, NZ$7.29Tower (NZE:TWR): +1%, NZ$1.92Air New Zealand (NZE:AIR): +1%, NZ$0.38Delegat Group (NZE:DGL): +1%, NZ$4.70

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NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Thursday.SkyCity Entertainment Group (NZE:SKC): -3%, NZ$0.63CDL Investments New Zealand (NZE:CDI): -2%, NZ$0.63Michael Hill International (NZE:MHJ): -2%, NZ$0.44Meridian Energy (NZE:MEL): -2%, NZ$5.40PGG Wrightson (NZE:PGW): -2%, NZ$2.26Radius Residential Care (NZE:RAD): -2%, NZ$0.44Millennium & Copthorne Hotels (NZE:MCK): -2%, NZ$3.05Chorus (NZE:CNU): -2%, NZ$8.88Napier Port Holdings (NZE:NPH): -1%, NZ$3.52Mainfreight (NZE:MFT): -1%, NZ$65.61

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NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Thursday.Air New Zealand (NZE:AIR): 1 million sharesSkyCity Entertainment Group (NZE:SKC): 818,219 sharesSpark New Zealand (NZE:SPK): 816,967 sharesSKY Network Television (NZE:SKT): 657,694 sharesChannel Infrastructure (NZE:CHI): 599,815 shares

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NZX Midday Sector Update: Process Industries Rise, Electronic Technology Struggle

Process industries shares gained the most on New Zealand's Exchange, rising nearly 1% by midday Thursday.Sanford (NZE:SAN) shares rose 1% in recent trade.On the other hand, electronic technology shares dropped fell 1%.ikeGPS Group (ASX:IKE, NZE:IKE) was down 1% in recent trade.

International14d ago

ANZ Commodity Price Index Falls 0.4% in August

The ANZ World Commodity Price Index fell 0.4% month over month in August, weighed down by weaker beef and butter prices, according to a Thursday report from ANZ Research.Over the past year, the index declined 0.6%. Beef prices in the US fell from record levels over the past two months, on the back of a surge in imports and key policy changes by the US government.Dairy prices climbed 1.3% sequentially during the month and were down over 10.5% annually, with skim milk powder the leading performer in August. Over the past year, skim milk powder prices were up 21.6% while rising 6.2% month over month. Whole milk powder increased 2.4% on a monthly basis, offsetting a 3% fall on butter.Meanwhile, the meat and fiber index declined 3.3% from July, falling for a second consecutive month. Wool prices fell 3.8% month over month, but started to recover towards the end of August, per the report. Lamb prices were steady.The horticulture index fell 0.6% month over month in August, with weaker apple prices offsetting stronger kiwifruit prices. The index was down 0.4% on an annual basis.The forestry index was up just 0.5% in the month. Log prices have been unusually steady over the past two years despite a high level of historical volatility, the bank added.Aluminum prices climbed 3.1% month over month. Aluminum production and exports out of the Middle East remain limited by the conflict, impacting global supply.

International14d ago

New Zealand's Two-Way Trade Up 16% in June Quarter

New Zealand's two-way trade increased by 16% to NZ$64.88 billion in the June quarter compared with the prior corresponding period, Stats NZ data showed on Thursday.Total exports rose to NZ$32.49 billion, up 14% from NZ$28.53 billion in the June 2025 quarter. Goods exports were up 14% to NZ$24.28 billion, while services exports rose 15% to NZ$8.2 billion.Total imports of goods and services increased to NZ$32.39 billion, up 18% from NZ$27.46 billion. Goods imports went up 23% to NZ$23.41 billion, while services imports rose 5.7% to NZ$8.98 billion year on year.Overseas trade indexes in the June quarter showed a 9% decrease in merchandise imports and exports under the terms of trade compared with the March quarter.Goods export volume rose by 6.4% and goods export prices by 3.5%, while import prices increased by 14% and import volume fell by 2.1%, the report added. Goods export values rose 6.7% to NZ$21.2 billion, and import values increased 7.1% to NZ$22.8 billion.The services terms of trade fell 2.1%, with services export prices climbing 1%, and import prices rising 3.2% for the quarter.