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S&P/NZX 50 Index

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611 stories mentioning S&P/NZX 50 IndexUpdated 1h ago

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?

International

New Zealand Business Confidence Falls in August

New Zealand business confidence fell 2 points in August to 54 from 56 last month, while expected own activity eased 1 point to 48 from 49 a month ago, according to a report by ANZ released on Monday.Reported past activity was up another 6 points to 16, the most "encouraging" result this month, from 10 in July, driven by the lift in the services sector.The lift in past activity suggests the bounce-back of the economy is already underway, ANZ said.Inflation indicators were mixed, with inflation expectations up to 3.26% from 3.14%, and more firms are expecting cost increases and to raise their own prices.Meanwhile, wage intention indicators are currently noteworthy. While the size of expected wage increases is modest, the net proportion of firms expecting to give these increases has been volatile, moving consistently in the opposite direction to oil prices in recent months.

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Asia

NZX Midday Sector Update: Commercial Services Advance, Distribution Services Sector Struggles

Commercial services shares gained the most on New Zealand's Exchange, rising nearly 3% by midday Monday.Shares of Livestock Improvement (NZE:LIC) rose almost 3% in recent trade.Meanwhile, shares of the distribution services sector fell roughly 3%.Shares of Steel & Tube Holdings (NZE:STU) were 3% lower in recent trade.

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Asia

New Zealand Shares Fall; Channel Infrastructure H1 Earnings, Revenue Up

New Zealand shares fell on Friday, as investors await comments on the monetary policy by the US Federal Reserve's new chair, Kevin Warsh, later in the day.The S&P/NZX 50 Index fell 0.81% or 111.87 points to close at 13,768.18.Meanwhile, Iran and Oman had agreed on administering traffic in the Strait of Hormuz and sharing revenues, causing Brent crude oil futures to fall to around $89.On Thursday, the Nasdaq Composite jumped 1.6%, the S&P 500 rose 0.7%, and the Dow Jones climbed 0.2%.In domestic news, the ANZ-Roy Morgan Consumer Confidence index for New Zealand eased by one point in August to 98, still under par but 18 points higher than a low struck in April.The number of enterprises in New Zealand hit 601,614 in July, down from 603,549 in June, according to data by Stats NZ.New Zealand's filled jobs in July rose 0.3% in seasonally adjusted terms to 2.36 million filled jobs in all industries compared with the previous month, according to a report by Stats NZ.In corporate news, Channel Infrastructure (ASX:CHI, NZE:CHI) logged NZ$0.044 in earnings per share for the first half, compared with NZ$0.028 a year ago. For the six months ended June 30, revenue was NZ$72.9 million versus NZ$70.2 million previously.Air New Zealand (ASX:AIZ, NZE:AIR) logged NZ$0.074 in loss per share for fiscal 2026, compared with a profit of NZ$0.032 a year ago. For the 12 months ended June 30, operating revenue was NZ$7.02 billion versus NZ$6.76 billion previously.Lastly, Synlait Milk (ASX:SM1, NZE:SML) is expecting fiscal 2026 underlying net loss after tax of NZ$19 million to NZ$24 million. The company expects reported net loss after tax of AU$70 million to AU$75 million for the 12 months ended July 31.

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Asia

NZX Midday Sector Update: Energy Minerals Stocks Jump, Utilities Sector Struggles

Energy minerals stocks advanced nearly 8% at midday Friday.Channel Infrastructure NZ (NZE:CHI) gained almost 8% in recent trade upon securing a 15-year contract with oil giant BP to provide additional jet and diesel fuel storage at Marsden Point.On the flip side, the utilities sector struggled, shedding 1%.Meridian Energy (NZE:MEL) shares were down almost 1% in recent trade.

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International

New Zealand's Filled Jobs Rise in July

New Zealand's filled jobs in July rose 0.3% in seasonally adjusted terms to 2.36 million filled jobs in all industries compared with the previous month, according to a report released by Stats NZ on Friday.There were 2.34 million actual filled jobs in July, up 0.8% compared with the same period last year.Filled jobs in public administration and safety increased by 4% compared with last year, while professional, scientific, and technical services saw a 1.1% decline.By region, Canterbury experienced the largest job increase compared with July 2025, rising by 2.2%, while Northland had a 2.1% decrease.

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International

New Zealand Consumer Confidence Eases Slightly in August, ANZ Says

The ANZ-Roy Morgan Consumer Confidence index for New Zealand eased by one point in August to 98, still under par but 18 points higher than a low struck in April, ANZ Research said in a Friday report.The result came as the net proportion of households who think it's a good time to purchase a major household item fell 5 points to minus 12, indicating continued struggles for retail.The current conditions index eased to 83.4 from 88.5 in the previous month, while the future conditions index rose marginally to 107.7 from 106.5.Following some improvement in July, perceptions of current personal financial situations compared with a year earlier gave up much of their gains with a decline to negative 21% from negative 16%."Petrol prices averaged a higher level than in July, having jumped in the last week of the previous month, and that may have impacted perceptions of current financial situations," ANZ said.Additionally, the report showed inflation expectations for two years ahead remaining relatively stable at 4.7%, while house price expectations eased to 2.5% from 2.6%.

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International

New Zealand Business Count Falls in July

The number of enterprises in New Zealand hit 601,614 in July, up from 603,549 in June, according to data released Friday by Stats NZ.July saw 4,041 enterprise entries and 5,973 exits, compared with 11,058 entries and 5,649 exits in the previous month, the data showed.

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Asia

New Zealand Shares Fall; Summerset Group Holdings H1 Earnings, Revenue Up

New Zealand shares fell on Thursday, tracking weakness on Wall Street after data showed inflation still firm in the US.The S&P/NZX 50 Index fell 0.95% or 133.16 points to close at 13,880.05.The personal consumption expenditures index in the US rose 0.2% in July compared with ​the prior month, showing that the US Federal Reserve's preferred inflation measure is still hot.On Wednesday, the S&P 500 was flat, and the Nasdaq Composite edged lower 0.1% while the Dow Jones fell 0.2%, even as technology stocks received a boost from Nvidia earnings.In corporate news, Summerset Group Holdings (NZE:SUM, ASX:SNZ) logged NZ$0.7046 in EPS for the first half, compared with NZ$0.373 a year ago. For the six months ended June 30, revenue was NZ$200.3 million versus NZ$173 million previously.Precinct Properties NZ & Precinct Properties Investments (NZE:PCT) logged NZ$0.0644 in adjusted funds from operations (AFFO) for fiscal 2026, compared with NZ$0.0654 a year ago. For the 12 months ended June 30, gross operating revenue was NZ$278.1 million versus NZ$266.1 million previously.Lastly, Genesis Energy (ASX:GNE, NZE:GNE) logged NZ$0.0726 in earnings per share for fiscal 2026, compared with NZ$0.155 a year ago. For the 12 months ended June 30, revenue was NZ$2.83 billion versus NZ$3.66 billion previously.

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Asia

NZX Midday Sector Update: Health Services Soar, Industrial Services Struggle

Health services shares gained the most on the New Zealand Exchange, rising over 3% by midday Thursday.Summerset Group Holdings (NZE:SUM, ASX:SNZ) shares rose 7% in recent trade after the company logged NZ$0.7046 in EPS for the first half, compared with NZ$0.373 a year ago, a Thursday filing showed.On the other hand, industrial services shares dropped 5%.Ventia (NZE:VNT, ASX:VNT) drove the decline, with shares falling 5%.

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Asia

New Zealand Shares at All-Time High; Meridian Energy Logs Earnings in Fiscal 2026, Revenue Down

New Zealand shares reached an all-time high on Wednesday as nearly all Asian markets saw gains after Tuesday's rally in Wall Street shares.The S&P/NZX 50 Index gained 0.15% or 20.49 points to close at 14,013.21, reaching an all-time high and crossing the 14,000 mark.On Tuesday, the S&P 500 added 0.3%, and the Nasdaq Composite gained 0.7%, while the Dow Jones lifted 0.3%.In domestic news, total new residential mortgage lending in New Zealand fell to NZ$7.85 billion in July from NZ$8.45 billion in June, according to data from the Reserve Bank of New Zealand.In corporate news, Meridian Energy (ASX:MEZ, NZE:MEL) logged NZ$0.049 in earnings per share for fiscal 2026, compared with a loss of NZ$0.174 a year ago.Scales (NZE:SCL) logged NZ$0.36 in underlying earnings per basic share for the first half, compared with NZ$0.34 a year ago.

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Asia

RBNZ Expected to Increase Official Cash Rate by 25 Basis Points, Westpac Says

The Reserve Bank of New Zealand (RBNZ) is expected to increase the official cash rate by 25 basis points to 2.75% at its Sept. 2 meeting in a consensus decision, according to a note on Wednesday by Westpac.The RBNZ's projections are likely to imply a 3% official cash rate by the year-end, with the rate expected to peak at around 3.3%. The central bank will likely signal that future moves are data-dependent.The data that has become available since the central bank's projections in May implies a modest downward adjustment to its rate forecasts, given the lower energy prices and inflation expectations. However, plenty of risks remain.If the RBNZ raised its neutral official cash rate assumption, then this would increase the chance of a hawkish scenario, where the central bank seems firmly resolved to continue to raise the OCR in October and onward.

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International

New Zealand New Residential Mortgage Lending Falls in July

Total new residential mortgage lending in New Zealand fell to NZ$7.85 billion in July from NZ$8.45 billion in June, according to data from the Reserve Bank of New Zealand released on Wednesday.Residential mortgage lending to first home buyers fell to NZ$1.58 billion in July from NZ$1.6 billion in the previous month. Lending to other owner-occupiers decreased to NZ$4.68 billion from NZ$5.1 billion.Residential mortgage lending to investors fell to NZ$1.48 billion from NZ$1.65 billion, while that for business purposes increased to NZ$109 million from NZ$95 million.Total new residential lending at a loan-to-valuation ratio above 80% came in at NZ$1.26 billion in July for all borrower types, down from NZ$1.27 billion in June.Residential mortgage lending, where the loan-to-valuation ratio is equal to or below 80%, was NZ$6.59 billion for all borrower types, down from NZ$7.18 billion in the previous month.

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Asia

NZX Midday Sector Update: Producer Manufacturing Shares Rise, Consumer Services Decline

Producer manufacturing shares gained the most on New Zealand's Exchange, rising over 3% by midday Wednesday.Shares of Scott Technology (NZE:SCT) were up more than 5% in recent trade.The company on Wednesday said it is set to expand its global BladeStop safety technology as it pursues its Destination 2030 strategy, with the Protein Domain targeting annual revenue of NZ$165 million by fiscal 2030, more than double its NZ$69.4 million fiscal 2025 result.Meanwhile, shares of the consumer services sector fell almost 1%.Millennium & Copthorne Hotels New Zealand (NZE:MCK) was down past 2% in recent trade.

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Asia

New Zealand Shares at All-Time High; Tourism Holdings Logs Earnings in Fiscal 2026, Revenue Down

New Zealand shares reached an all-time high on Tuesday while Asian markets were mixed ahead of much-awaited Nvidia earnings.The S&P/NZX 50 Index gained 0.8% or 110.84 points to close at 13,992.72, reaching its all-time high within the session.On Monday, the S&P 500 lost 0.3%, and the Nasdaq Composite fell 0.8%, while the Dow Jones added 0.3%.Analysts expect the US-listed chipmaking giant Nvidia ​to almost double its quarterly revenue to around $92 billion, with full-year earnings guidance seen in a range of $103 billion to $105 billion, according to a Tuesday Reuters report.The US threatened Iran with sweeping new economic sanctions targeting its trade partners on Monday, while Iran warned it would halt all oil exports from the Gulf if the financial pressure continued, according to a Monday Reuters report.In domestic news, the Reserve Bank of New Zealand is expected to hike the official cash rate by 25 basis points at its September meeting, taking the rate to 2.75%, ANZ said in a noteIn corporate news, Tourism Holdings (ASX:THL, NZE:THL) logged NZ$0.1735 in earnings per share for fiscal 2026, compared with a loss of NZ$0.1172 a year ago.Vulcan Steel (ASX:VSL, NZE:VSL) logged NZ$0.151 in adjusted earnings per share for fiscal 2026, compared with NZ$0.136 a year ago.

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International

Reserve Bank of New Zealand Expected to Hike Cash Rate to 2.75% in September, ANZ Says

The Reserve Bank of New Zealand is expected to hike the official cash rate (OCR) by 25 basis points at its September meeting, taking the rate to 2.75%, ANZ Research said in a note on Tuesday.Recent developments have been mixed, with near-term inflation data, on balance, a little more benign than anticipated. On the other hand, some data have suggested that the output gap may not be as deeply negative as assumed by the central bank. First quarter gross domestic product was slightly weaker than the May forecast, while consumer confidence and business confidence have rebounded sharply as fuel prices have eased.The central bank is worried about the potential for inflation to be stickier than they are assuming. It makes sense for the Reserve Bank to continue along the path of getting the OCR back closer to neutral in the face of upside risks to inflation.So far, markets are pricing in slightly greater odds of a hike in December than in October.

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Asia

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

Consumer non-durables stocks advanced over 2% at midday Tuesday.a2 Milk Company (NZE:ATM, ASX:A2M) gained almost 5% in recent trade.On the flip side, the distribution services sector struggled, shedding over 1%.Vulcan Steel (ASX:VSL, NZE:VSL) shares fell almost 5% in recent trade.The dual-listed steel distributor logged NZ$0.151 in adjusted earnings per share for fiscal 2026, compared with NZ$0.136 a year ago, a Tuesday filing showed.

^NZ50ASX:A2MASX:VSLNZE:ATMNZE:VSL
Asia

New Zealand Shares Fall; Chorus Fiscal 2026 Earnings, Revenue Up

New Zealand shares ended lower on Monday as most Asian markets saw losses after the US threatened sanctions on Iran's trade partners.The S&P/NZX 50 Index fell 0.65% or 90.78 points to close at 13,881.88.On Friday, the S&P 500 and the Nasdaq Composite gained 0.4%, and the Dow Jones added 1%.The US threatened Iran with sweeping new economic sanctions targeting its trade partners on Monday, while Iran warned it would halt all oil exports from the Gulf if the financial pressure continued, according to a Monday Reuters report.In domestic news, the number of transport motor vehicle registrations in New Zealand in July licensed for 12 months fell to 3.8 million from 3.9 million in the same period last year, according to figures released by Stats NZ.Also, the total volume of retail sales in New Zealand in the June quarter in seasonally adjusted terms was NZ$26 billion, down 0.5% compared with the March quarter, according to a report released by Stats NZ.In corporate news, Chorus (ASX:CNU, NZE:CNU) logged NZ$0.07 in earnings per share for fiscal 2026, compared with NZ$0.01 a year ago.Property For Industry (NZE:PFI) logged NZ$0.1093 in adjusted funds from operations (AFFO) for fiscal 2026, compared with NZ$0.0959 a year ago.

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International

Total Volume of Retail Sales in New Zealand Down in June Quarter

The total volume of retail sales in New Zealand in the June quarter in seasonally adjusted terms was NZ$26 billion, down 0.5% compared with the March quarter, according to a report released by Stats NZ on Monday.Higher fuel prices led to a sharp rise in fuel retail sales values during the quarter, but when excluding price changes, fuel retailing experienced the largest decline in sales volumes among the industries evaluated, economic indicators spokesperson Michelle Feyen said.The total value of seasonally adjusted retail sales was NZ$33 billion, up 0.9% compared with March, while the total value of actual retail sales was NZ$31 billion, up 6.6% from the June 2025 quarter.Nine of the 16 regions had higher seasonally adjusted retail sales values in the June quarter compared with the March quarter, per the report.

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International

New Zealand Transport Motor Vehicle Registrations Fall in July

The number of transport motor vehicle registrations in New Zealand in July licensed for 12 months fell to 3.8 million from 3.9 million in the same period last year, according to figures released by Stats NZ on Monday.Currently licensed transport and passenger motor vehicles across the country includes almost 2.3 million cars; 631,221 trucks; 606,013 trailers and caravans; 32,965 motorcycles; 26,557 omnibuses and service coaches; as well as 13,230 taxis.Meanwhile, the total number of commercial vehicles in July was 3,350, down compared with last year's 4,379.

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Asia

NZX Midday Sector Update: Consumer Services Soar, Communications Sector Struggles

Consumer services stocks advanced nearly 4% in midday trade on Monday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 11% in recent trade.Meanwhile, shares of the communications sector fell almost 3%.Chorus (ASX:CNU, NZE:CNU) drove the decline, with shares dropping nearly 6%.The company on Monday logged NZ$0.07 in earnings per share for fiscal 2026, compared with NZ$0.01 a year ago.

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