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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 Central Bank Should Hold Rate Steady at Upcoming Meeting, NZIER Shadow Board Recommends in Close Call

The New Zealand Institute of Economic Research's (NZIER) monetary policy shadow board is split on how the Reserve Bank of New Zealand (RBNZ) should act at its upcoming meeting, although most views recommend maintaining the official cash rate at 2.25%, NZIER said in a Monday report.It is a very close call, however, as many shadow board members believe the central bank should raise the rate by 25 basis points in July, with higher inflation cited as a key reason by members who want the rate to move back toward neutral sooner rather than later.In terms of the rate's outlook a year from now, shadow board members are still in agreement that the RBNZ should increase borrowing costs over the coming year to a range of around 3% to 3.25%, according to the report.Members of the shadow board feel the central bank should consider soft demand and New Zealand's elevated unemployment rate in determining the pace of tightening over the coming year."The case for an eventually increasing OCR remains solid, but the urgency seems reduced given the marked reduction in energy prices," said NZIER shadow board member Kelly Eckhold.

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International

New Zealand's Total New Lending Rises in May

New Zealand's total new lending increased to NZ$16.19 billion in May from NZ$14.17 billion in April, according to data from the Reserve Bank of New Zealand released on Monday.New lending fully secured by residential mortgage rose to NZ$8.48 billion in May from NZ$8.3 billion in the previous month.Personal consumer new lending increased to NZ$233 million from NZ$223 million. New lending for business fell to NZ$3.42 billion from NZ$4 billion.Lending for agricultural purposes rose to NZ$2.48 billion from NZ$1.29 billion. Other new lending increased to NZ$1.58 billion from NZ$345 million.

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Asia

NZX Midday Sector Update: Distribution Services Rise, Electronic Technology Declines

Distribution services shares gained the most on New Zealand's Exchange, rising almost 4% by midday Monday.Shares of Vulcan Steel (NZE:VSL, ASX:VSL) rose nearly 4% in recent trade.Meanwhile, the electronic technology sector fell roughly 2%.ikeGPS Group (NZE:IKE, ASX:IKE) shares fell about 2% in recent trade.

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International

Household Savings in New Zealand Rises by NZ$2 Billion in March Quarter, Westpac Says

Household savings in New Zealand rose by NZ$2 billion in the March quarter, with a related increase in the value of New Zealanders' financial assets to 3.3% over the past year, offsetting softness in the value of housing and land assets, Westpac said in a report on Friday.While overall household income levels are continuing to rise, much of that is due to increases in entrepreneurial earnings, which are up 14% over the past year, in part due to increased earnings in the agricultural sector. In contrast, wage and salary growth remain limited.Over the past year, overall household disposable income levels rose 5%. The bank's estimate of the average household's disposable income rose 3.8% in the year to March, up from 3.1% at the end of December 2025. The household savings rate climbed to 3.3% of disposable income.Reductions in interest costs over the past year have helped to support household spending in the face of rising living costs.

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Asia

New Zealand Shares Rise; Scott Technology Appoints Interim Co-CFOs

New Zealand shares rose on Friday as Asian markets saw a broad-based rally after US jobs data.The S&P/NZX 50 Index rose 0.27% or 36.23 points to close at 13,618.42.On Thursday, the Dow Jones added 1.1% while the Nasdaq Composite fell 0.8% and the S&P 500 closed flat.US markets will be closed on Friday in observance of the country's 250th Independence Day holiday, which falls on a Saturday this year.The US economy added 57,000 nonfarm jobs in June, representing the weakest tally since February, official data showed Thursday. The unemployment rate eased to 4.2% from 4.3%, matching projections.In domestic news, consumer confidence in New Zealand gained spirit in June, returning to levels seen in March but still below its January peak, ANZ Research said.In corporate news, Scott Technology (NZE:SCT) appointed Anthony Wesney and Scott Hawkins as interim co-chief financial officers, effective July 6.Santana Minerals (ASX:SMI, NZE:SMI) filed a memorandum with New Zealand's Environmental Protection Authority requesting that the processing of the Bendigo-Ophir gold project's fast-track approvals application be resumed on Aug. 17.

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Asia

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

Non-energy minerals stocks gained the most on New Zealand's Exchange, rising almost 2% at midday Friday.Santana Minerals (NZE:SMI, ASX:SMI) saw the sharpest increase in the sector, gaining more than 4% in recent trade.On the flip side, the industrial services sector struggled, shedding nearly 6%.Ventia Services Group (NZE:VNT, ASX:VNT) shares fell past 2% in recent trade.

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International

New Zealand Consumer Confidence Gains Momentum in June, Says ANZ Research

Consumer confidence in New Zealand gained spirit in June, returning to levels seen in March but still below its January peak, ANZ Research said Friday.According to the ANZ-Roy Morgan index, consumer confidence rose 4 points to 91.3 in June as fuel prices declined and geopolitical uncertainties eased. This was still 16 points lower than January.The net proportion of households thinking it's a good time to buy a major household items, a retail indicator, jumped 9 points to negative 11.Inflation expectations fell to 4.6% from 5.3%, also reverting back to the levels from before the March oil spike. House price expectations held steady at 2.5%."Confidence has now regained almost half its fall, with both the current-situation and forward-looking indices now 11 points off their lows," the firm commented.

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Asia

New Zealand Shares Edged Lower; KMD Brands Completes 25-for-1 Share Consolidation

New Zealand shares edged lower on Thursday, while most Asian markets were down following Wall Street's Wednesday sell-off.The S&P/NZX 50 Index fell 0.21% or 28.31 points to close at 13,582.19.On Wednesday, the S&P 500 fell 0.2%, and the Nasdaq Composite lost 0.7%, dragged down by a sell-off in semiconductor shares as the index for chipmakers, PHLX Semiconductor, fell past 6%.Meanwhile, the US and Iran wrapped up a round of indirect talks on Wednesday with little sign of progress toward a lasting peace, instead discussing issues they said had already been settled under an interim agreement announced two weeks earlier, according to a Wednesday Reuters report.In domestic news, New Zealand property values slid in June as Middle East-related tensions spilled over into economic uncertainty, weakening sentiment, Cotality said.Also, New Zealand's seasonally adjusted new dwellings consents fell 4% to 3,661 in May from 3,814 in the previous month, according to Stats NZ data.In corporate news, KMD Brands (ASX:KMD, NZE:KMD) said its 25-for-1 share consolidation, which took effect on Wednesday, has now been completed.

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Asia

NZX Midday Sector Update: Finance Advances, Communications Decline

Finance shares gained the most on New Zealand's Exchange, rising almost 2% by midday Thursday.Westpac Banking (NZE:WBC, ASX:WBC) gained 2% in recent trade.Meanwhile, the communications sector shares fell past 1%.Spark New Zealand (NZE:SPK, ASX:SPK) was down past 1% in recent trade.

^NZ50ASX:SPKASX:WBCNZE:SPKNZE:WBC
International

New Zealand's Seasonally Adjusted New Dwelling Consents Falls in May

New Zealand's seasonally adjusted new dwellings consents fell 4% to 3,661 in May from 3,814 in the previous month, according to Stats NZ data on Thursday.In actual terms, 3,801 new dwellings were consented, including 1,835 stand-alone houses, 1,718 townhouses, flats, and units, 194 retirement village units, and 54 apartments.New dwellings consented in the reported month rose nearly 21% in actual terms compared with 3,151 in May 2025.In the 12 months ended May, the actual number of new dwellings consented was up 19% to 39,737 compared with the prior corresponding period."The annual increase in new home consents followed declines in May for the last three years, and consent numbers remain below the record peak reached in 2022," economic indicators spokesperson Michelle Feyen said.

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International

New Zealand Property Values Edged Lower in June, Says Cotality

New Zealand property values slid in June as Middle East-related tensions spilled over into economic uncertainty, weakening sentiment, Cotality said Thursday.According to Cotality NZ's latest Home Value Index, the national median value stood at NZ$806,512 in June, down 0.2% from the prior month.Main centers Auckland and Wellington continued to slow, with values declining 0.5% and 0.4%, respectively. In contrast, values in Hamilton rose 0.5%.The US-Iran peace deal has improved the economic outlook, but the delayed effects of previous uncertainty were seen in June's property value figures, it said.The possibility of an increase in official cash rate (OCR) next week has reduced due to the peace deal and falling fuel prices.However, if OCR holds steady in July, "an increase or two still looks likely at some stage in 2026 - which was the expectation even before the Iran conflict began," the firm added.

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Asia

New Zealand Shares Flat; Bremworth Says New Zealand Commerce Commission Clears Floorscape Acquisition Proposal

New Zealand shares closed flat with a negative bias on Wednesday as markets weighed in on continued uncertainty around a US-Iran peace deal.The S&P/NZX 50 Index was little changed to close at 13,610.50.Iran said on Tuesday it would not meet top U.S. envoys who traveled to the region after hostilities broke out, dimming prospects for a lasting peace between the two countries, according to a Tuesday Reuters report.In domestic news, the national average asking price in New Zealand's property market held steady at NZ$866,314 in June, with new listings rising 4.3% year over year to 7,942 during the month, according to a report from realestate.co.nz.Also, the Reserve Bank of New Zealand (RBNZ) is likely to focus on risk management given current uncertainty, which should push it to raise the official cash rate by 25 basis points to 2.5% at a policy meeting next week, ANZ said.Further, the data suggests credit conditions are improving in New Zealand for many households and businesses, but confidence remains measured, and pockets of financial strain are still evident, Centrix said in its June Credit Indicator report.In corporate news, Bremworth (NZE:BRW) said the New Zealand Commerce Commission has granted clearance for Floorscape to acquire all of its shares under a scheme of arrangement.Spark New Zealand (ASX:SPK, NZE:SPK) said the New Zealand Government's proposed changes to its policy approach for the renewal of spectrum in the 2300MHz and 2600MHz bands are not expected to have a "material" direct operations impact.

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International

New Zealand's Credit Landscape Improving But Confidence Remains Measured, Centrix Says

The data suggests credit conditions are improving in New Zealand for many households and businesses, but confidence remains measured and pockets of financial strain are still evident, Centrix said in its June Credit Indicator report on Wednesday.Consumer credit demand decreased 5.3% year over year in June, with continued strength in auto, personal, and home loan enquiries offset by weaker demand elsewhere, Centrix said.At the consumer level, fewer borrowers are falling behind on repayments, and arrears rates are continuing to decline, Centrix said. This reflects the combined effect of lower interest rates in recent periods and a slow but steady economic recovery, it added.The number of consumers behind on payments fell to 432,000, down 11,000 from the prior month, with the arrears rate down some 13% year over year. Consumer arrears improved in May, falling to about 11% of the credit-active population, the lowest level recorded in four years.For businesses, demand for credit was down 2.4% year over year, but it remained broadly consistent with longer-term trends. Business credit defaults were down 13% year over year on a rolling 12-month basis.

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International

New Zealand Central Bank Expected to Hike Cash Rate by 25 Basis Points Next Week, ANZ Says

The Reserve Bank of New Zealand (RBNZ) is likely to focus on risk management given current uncertainty, which should push it to raise the official cash rate by 25 basis points to 2.5% at a policy meeting next week, ANZ said in a Wednesday report.The official rate is still 75 basis points below the central bank's estimate of neutral, the New Zealand dollar is much softer than assumed, and inflation is poised to be above target for a while, which makes it "sensible to get a hike under the belt" despite a decline in oil prices, ANZ said.The RBNZ's plausible options include a hawkish hold and a neutral-to-dovish hike, but the latter would leave the monetary policy committee in a more comfortable position as New Zealand is likely to see very mixed data in coming weeks, ANZ said."To our mind, an OCR of 2.25% is too low to balance the risks around medium-term inflation," the bank said, adding that current market odds indicate a roughly 75% chance of a 25 basis point hike next week.

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Asia

NZX Midday Sector Update: Consumer Services Stocks Rise, Distribution Services Sector Struggles

Consumer services stocks advanced nearly 5% at midday Wednesday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 3% in recent trade.Meanwhile, shares of the distribution services sector fell almost 5%.Shares of Vulcan Energy (NZE:VSL, ASX:VSL) were nearly 6% lower in recent trade.

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International

New Zealand Property Sellers See Busiest June Since 2020 as New Listings Rise

The national average asking price in New Zealand's property market held steady at NZ$866,314 in June, with new listings rising 4.3% year over year to 7,942 during the month, according to a Wednesday report from realestate.co.nz.The new listings activity represents the busiest June for vendors since 2020, indicating that sellers "are no longer waiting for economic or geopolitical uncertainty to pass before making property decisions," the report said.The Southland region posted the strongest year-on-year new listings growth in June at nearly 25%, with four other regions also recording double-digit increases.Meanwhile, Canterbury became the country's first major region to exceed its 2022 price peak, reaching an all-time high average asking price of NZ$757,136 in June, up 5.2% from a year earlier.National stock levels jumped 7.3% from a year ago to 34,761 properties in June, "which means buyers can be more considered in their decision-making," said Sarah Wood, CEO of realestate.co.nz.

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Asia

New Zealand Shares Rise; Westpac NZ Renews 11-Year Loyalty Partnership With Air New Zealand

New Zealand shares closed higher on Tuesday as markets digested a rally in Wall Street shares on Monday.The S&P/NZX 50 Index rose 0.56% or 76.10 points to close at 13,621.66.On Monday, the Nasdaq Composite ended 2.1% higher, the S&P 500 gained 1.2%, while the Dow Jones added 0.6%.In domestic news, New Zealand business confidence rose 27 points to 37 in June, according to a report by ANZ.Also, New Zealand's lending from registered banks and non-bank lending institutions increased in May, driven by growth in housing, business, agricultural, and consumer loans, according to data from the Reserve Bank of New ZealandIn corporate news, Westpac Banking's (ASX:WBC, NZE:WBC) Westpac NZ renewed its 11-year loyalty partnership with Air New Zealand (ASX:AIZ, NZE:AIR), allowing the bank's customers to continue to earn points through the airline's Koru program.Vital Healthcare Property Trust (NZE:VHP) said it will undertake stage 2 of the Macarthur Health Precinct in New South Wales, an incremental development of NZ$99.3 million with a total project cost of NZ$112.2 million, to deliver a short stay surgical hospital and medical outpatient building.

^NZ50ASX:AIZASX:WBCNZE:AIRNZE:WBCNZX:VHP
International

New Zealand Lending Rises in May on Broad Loan Growth

New Zealand's lending from registered banks and non-bank lending institutions increased in May, driven by growth in housing, business, agricultural, and consumer loans, according to data from the Reserve Bank of New Zealand released on Tuesday.Total housing loans from registered banks and non-bank lending institutions in New Zealand grew to NZ$399.03 billion in May from NZ$397.02 billion in April. Total personal consumer lending rose by NZ$5 million to NZ$14.46 billion in May.Total business lending increased to NZ$143.13 billion in the period, from NZ$142.61 billion. Meanwhile, agricultural lending rose to NZ$63.16 billion in May, from NZ$62.19 billion in the previous month.

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International

New Zealand Business Confidence Rises in June, ANZ Says

New Zealand business confidence rose 27 points to 37 in June, according to a report by ANZ on Tuesday.Activity indicators improved in June, with most of the increase at the beginning of the month before a noticeable drop in oil prices occurred mid-month.Expected own activity was up 11 points to also be positive 37 from 25.6, while past own activity fell to 9 from 14.8, the report said.The data for this month indicates increased optimism about the future, with business confidence and expected own activity at historically solid levels.However, the impact of the initial oil shock continues to affect confidence, with the past activity measure declining again this month.Meanwhile, inflation indicators were softer as inflation expectations eased to 3.36% from 3.63%, cost expectations fell to 85 from 90, and pricing intentions fell to a net 51% expecting to raise prices, the lowest since November.Firms appear to be more optimistic about the future despite uncertainty, ANZ said.This month's survey offers hope that firms and the broader economy can pick up where they left off to some extent before the rise in oil prices, according to the report.

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Asia

NZX Midday Sector Update: Commercial Services Advance, Industrial Services Decline

Commercial services shares gained the most on the New Zealand Exchange, rising nearly 2% by midday Tuesday.PGG Wrightson (NZE:PGW) gained almost 4% in recent trade.Meanwhile, industrial services shares fell nearly 1%.Ventia Services Group (ASX:VNT, NZE:VNT) was down over 1% in recent trade.

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