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.
Industrial services gained the most among New Zealand sectors on Wednesday, advancing almost 2%.Ventia Services Group (NZE:VNT, ASX:VNT) gained nearly 2% in recent trade.Meanwhile, the retail trade sector declined by almost 2%.Briscoe Group (NZE:BGP, ASX:BGP) was down nearly 3% in recent trade.
Here are the most actively traded stocks on New Zealand's Exchange on Wednesday.Tourism Holdings (NZE:THL): 3.2 million sharesSpark New Zealand (NZE:SPK): 1.4 million sharesStride Property Group (NZE:SPG): 827,060 sharesAir New Zealand (NZE:AIR): 571,327 sharesVulcan Steel (NZE:VSL): 562,340 shares
A total of 2,871 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 3,050 MT, according to data from the trading platform.The average selling price for anhydrous milk fat was $6,106 per MT, skim milk powder averaged $3,215 per MT, and whole milk powder averaged $3,521 per MT.
New Zealand shares closed flat with a negative bias on Tuesday as Asian markets followed losses from Wall Street's Monday close.The S&P/NZX 50 Index was little changed to close at 13,435.77.On Monday, the Nasdaq Composite fell 1.3%, the S&P 500 lost 0.4%, while the Dow Jones managed to add 0.3%.The US waived sanctions on Iran for 60 days from Monday following the first talks under a fledgling peace agreement, while officials reported a continued lull in fighting in Lebanon under the deal aimed at ending hostilities across the region, Reuters reported Monday.In domestic news, New Zealand employment confidence fell 12.5 points in the June quarter to 83.1 from 95.6 in the previous quarter, the lowest reading for the survey since it started in September 2004, according to the Westpac-McDermott Miller Employment Confidence index.In corporate news, Gentrack Group (ASX:GTK, NZE:GTK) received notice that UBS Group and its affiliated entities increased their holdings in the company to 7.055% from 5.846%.Westpac Banking's (NZE:WBC, ASX:WBC) Westpac NZ said Tuesday it has become the first New Zealand bank to receive approval from the Reserve Bank of New Zealand to provide loans secured by Zespri shares.
New Zealand employment confidence fell 12.5 points in the June quarter to 83.1 from 95.6 in the previous quarter, the lowest reading for the survey since it started in September 2004, according to the Westpac-McDermott Miller Employment Confidence index released Tuesday.The survey revealed a widespread loss of confidence, consistent across regions, ages, and income groups, particularly highlighted by the Middle East conflict, which has brought labor market confidence to record lows.A net 60% of survey respondents indicated that finding a job is currently difficult, the lowest level since the mid-2010s.The latest reading is consistent with an expected renewed softness in the jobs market in the coming months, with the unemployment rate projected to reach a cyclical peak of 5.6% by year's end.While job advertisements have remained steady over the last few months, they are still below pre-pandemic levels.Meanwhile, workers' perception of job security also fell, hitting their lowest since the Covid lockdown, particularly among young workers who previously showed the most improvement, according to the survey.
Consumer durables shares gained the most on New Zealand's Exchange, rising nearly 3% on Tuesday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose almost 3% in recent trade.Meanwhile, shares of the distribution services sector fell roughly 2%.Shares of Steel & Tube Holdings (NZE:STU) were over 1% lower in recent trade.
New Zealand shares closed lower on Monday while the US and Iran progressed their negotiations in Switzerland.The S&P/NZX 50 Index fell 0.37%, 49.58 points, to close at 13,446.05.The first round of talks between senior US and Iranian officials in Switzerland concluded on Monday, said mediating countries Qatar and Pakistan, according to a Monday Reuters report.In domestic news, credit card spending in New Zealand increased by 1.8% month on month to NZ$4.38 billion in May after a 0.2% decrease in the previous month, while credit card balances rose 0.7% to NZ$5.99 billion in May, data from the Reserve Bank of New Zealand showed.In corporate news, a2 Milk Co. (ASX:A2M, NZE:ATM) received approval from China's State Administration for Market Regulation to transfer two China-label infant milk formula registrations tied to its Pokeno facility to its a2 brand.Oceania Healthcare (ASX:OCA, NZE:OCA) launched an offer of up to NZ$100 million in six-year fixed-rate secured, unsubordinated bonds, with the option to accept up to NZ$25 million in oversubscriptions.
Credit card spending in New Zealand increased by 1.8% month on month to NZ$4.38 billion in May after a 0.2% decrease in the previous month, while credit card balances rose 0.7% to NZ$5.99 billion in May, data from the Reserve Bank of New Zealand showed Monday.Domestic billings on New Zealand-issued cards rose by 1.9% to NZ$3.87 billion in May, following a 1.1% decrease in the previous month. Billings on overseas-issued cards fell to NZ$514 million from NZ$598 million.Compared with the year-earlier period, credit card spending rose 5.1% in May after a 1.9% increase a year ago.
Non-energy mineral stocks advanced almost 3% at midday Monday.Fletcher Building (NZE:FBU, ASX:FBU) shares rose nearly 3% in recent trade.Meanwhile, the consumer durables sector fell almost 3%.KMD Brands (NZE:KMD, ASX:KMD) was down almost 3% in recent trade.
New Zealand shares rose on Friday as markets weighed in on the 14-point agreement between the US and Iran that finally reopens the Strait of Hormuz.The S&P/NZX 50 Index rose 0.99%, or 132.32 points, to close at 13,495.63.On Thursday, the Nasdaq Composite rose 1.9%, the S&P 500 gained 1.1%, while the Dow Jones inched up 0.1%.In domestic news, New Zealand recorded a goods trade surplus of NZ$800 million in May, compared with a surplus of NZ$1.6 billion in April, Stats NZ data showed.Also, the March quarter New Zealand gross domestic product (GDP) data showed that monetary policy easing was working, but through business investment and trade rather than the consumer, Jarden said in a note late on Thursday.In corporate news, SkyCity Entertainment Group (ASX:SKC, NZE:SKC) and SkyCity Adelaide entered into a nonbinding heads of agreement with the Commissioner for Liquor and Gambling in South Australia, which provides for a total fine of AU$21 million.Rua Gold (NZE:RGI) continued to confirm "significant" potential to expand the gold-antimony resource at its Auld Creek project in South Island, New Zealand.
Consumer services stocks advanced nearly 5% at midday Friday.SkyCity Entertainment Group (NZE:SKC, ASX:SKC) gained almost 15% in recent trade.The company, along with SkyCity Adelaide, has entered into a nonbinding heads of agreement, along with SkyCity Adelaide, with the Commissioner for Liquor and Gambling in South Australia, which provides for a total fine of AU$21 million, according to a Friday Australian bourse filing.On the flip side, the consumer durables sector struggled, shedding almost 3%.KMD Brands (NZE:KMD, ASX:KMD) was down nearly 3% in recent trade.
The March quarter New Zealand gross domestic product (GDP) data showed that monetary policy easing was working, but through business investment and trade rather than the consumer, Jarden said in a note late on Thursday.New Zealand's GDP rose 0.8% on a quarterly basis in the March quarter, but slightly below the 1% forecasted by the Reserve Bank of New Zealand (RBNZ). The December GDP was revised up to 0.5% from 0.2%, lifting annual growth to 1.5% through the year.GDP per capita rose just 0.5% in the March quarter after a flat December quarter. The resilience in the period came from the parts of the economy that cool slowly when rates rise. Consumer confidence has partly recovered but remains significantly below the long run average, Jarden noted.The upward revision to late-2025 activity leaves the level of output higher than the RBNZ assumed in May, the investment firm said. As a result, the negative output gap was smaller than it carried into the forecast. A narrower gap means a rate hike in July is "very likely." It also expects another rate hike in September to a terminal 3% by the end of 2027.
New Zealand recorded a goods trade surplus of NZ$800 million in May, compared with a surplus of NZ$1.6 billion in April, Stats NZ data showed on Friday.Goods exports rose 18% to NZ$8.88 billion, while imports rose 26% to NZ$8.08 billion.Exports were driven by a 43% increase in meat and edible offal, while mechanical machinery and equipment recorded the largest decline, falling 11%.Petroleum and petroleum products led the increase in imports, rising 104%, while ships, boats, and floating structures led the decline, falling 91%.In the year ended May, New Zealand recorded a trade deficit of NZ$3.37 billion, compared with a trade deficit of NZ$4.01 billion in the year ended May 2025.
New Zealand shares edged lower on Thursday as investors worldwide digested the interim peace deal signed between the US and Iran.The S&P/NZX 50 Index fell 0.22%, or 29.67 points, to close at 13,363.31.The US and Iran on Wednesday disclosed the text of an interim agreement signed by their presidents to end the war, with US President Donald Trump warning that the US would resume attacks and target Iranian officials if Tehran failed to meet its commitments, according to a Thursday Reuters report.In domestic news, New Zealand's economy expanded 0.8% in the March quarter, following a 0.5% expansion in the previous quarter, Stats NZ data showed.Also, the volume of job ads in New Zealand ticked 0.3% higher in May from April to post their 18th consecutive month of growth, according to an employment report by Seek.Further, productivity for small and medium-sized businesses in New Zealand is lagging behind Australia and the UK, but the sector has meaningful opportunities to bridge the gap over time, according to data published by Xero (ASX:XRO).Meanwhile, New Zealand's first-quarter gross domestic product (GDP) data showed that the economy was on an improving path until the conflict in the Middle East broke out, ANZ Research said in a note.In corporate news, Air New Zealand (ASX:AIZ, NZE:AIR) group capacity edged down 0.1% year on year in May.NZX (NZE:NZX) has effectively met its market operator obligations during the year ended Dec. 31, 2025.
The volume of job ads in New Zealand ticked 0.3% higher in May from April to post their 18th consecutive month of growth, according to a Thursday employment report by Seek.Job ads now stand at the highest volume in over two years, although they have not yet reached levels seen before the pandemic.Applications per job ad rose 0.6% month over month in April, increasing for the first time since mid-2025, according to the report.Meanwhile, job ads that reference artificial intelligence skills increased 3.9% in May from the previous month and now represent 3.3% of total job ads, the report said.Seek pointed to strong growth outside the main metropolitan areas, with West Coast, Southland, and Canterbury all posting notable monthly and annual gains, while the volume of ads in Auckland and Wellington fell slightly from the previous month but remain higher compared with a year earlier."The market and outlook remains tough and some sectors are clearly navigating within a conservative environment - but on balance, this is a job market that is moving in the right direction," said Rob Clark, Seek's country manager for New Zealand.
New Zealand's economy grew 0.8% in the March quarter, with upward revisions to prior data strengthening the overall outlook despite a slightly softer quarterly reading than expected, according to a Thursday report by Westpac Banking (ASX:WBC, NZE:WBC).Westpac said the gain was driven by broad-based sector strength, with manufacturing, wholesale and retail trade, and professional services all posting solid increases, broadly in line with its expectations.The bank noted revisions were a key feature of the release, with December 2025 quarter gross domestic product (GDP) lifted to 0.5% from 0.2% on updated construction and agricultural data, while changes to seasonal adjustment factors reduced the usual March-quarter uplift.The bank said annual GDP growth came in at 1.5%, above its 1.2% forecast, with the upside largely reflecting statistical revisions rather than a meaningful improvement in economic momentum.The bank added that the result was broadly in line with Reserve Bank of New Zealand expectations, but the focus is likely to shift to recent developments, including fuel price swings, lower oil prices, and uncertainty over the durability of the peace agreement.
Productivity for small and medium-sized businesses in New Zealand is lagging behind Australia and the UK, but the sector has meaningful opportunities to bridge the gap over time, according to data published by Xero (ASX:XRO) on Thursday.The data measured the dollar amount produced per hour worked for a typical worker in a small business, finding that New Zealand's small business labor productivity averaged NZ$74 per hour worked in the March quarter, down from NZ$75.30 in the December 2025 quarter.The March quarter reading is broadly in line with the previous six months but remains below the long-term average of NZ$76.30 per hour, underscoring a continued period of subdued productivity growth, Xero said.Productivity per employee has also softened, averaging roughly NZ$9,169 in the March quarter, down from NZ$9,389 in the previous quarter."The encouraging part is that there are clear levers - from digital adoption to skills and process improvements - that can help close that gap over time," said Bridget Snelling, New Zealand country manager at Xero."Policy settings that support skills development, infrastructure and digital adoption play a key role in lifting productivity across the economy, while targeted attention in lower-performing sectors such as hospitality could help unlock further gains," Snelling added.
Technology services shares gained the most on New Zealand's Exchange, rising almost 2% by midday Thursday.Shares of Vista Group (NZE:VGL, ASX:VGL) rose past 5% in recent trade.Meanwhile, shares of the consumer durables sector fell past 1%.KMD Brands (NZE:KMD, ASX:KMD) was down past 1% in recent trade.
New Zealand's first-quarter gross domestic product (GDP) data showed that the economy was on an improving path until the conflict in the Middle East broke out, ANZ Research said in a note on Thursday.The New Zealand economy expanded 0.8% on a quarterly basis in the March quarter, slightly below ANZ's and the New Zealand central bank's forecasts of 1% growth.High-frequency indicators suggest the economy stalled after the conflict broke out, but if oil prices stay down, there are good odds of the recovery resuming.Upward revisions over the past year show moderate growth from the middle of last year, with fourth-quarter GDP expansion revised up to 0.5% from 0.2% quarter on quarter. These revisions mean that annual growth was 1.5%, beating ANZ's forecast of 1.3% and the Reserve Bank of New Zealand's forecast of 1.2%.
New Zealand's economy continued to expand in the March quarter as growth in the manufacturing and business services sectors helped offset weakness in mining and construction.The country's gross domestic product increased 0.8% in the first quarter, accelerating from 0.5% growth in the previous three-month period and marking the third consecutive quarter of expansion, according to a report by the official statistics agency, StatsNZ, filed on Thursday.The growth is slightly ahead of the 0.7% expansion forecast by BofA Securities, but short of the 1% rise expected by ANZ.Nine out of the 16 industries in New Zealand posted an increase in activity in the first quarter, with a 1.9% jump in manufacturing representing the largest upward contribution to overall GDP growth. The business services sector grew 1.1%, and wholesale trade advanced 2.4%.On the flip side, mining was the biggest downward contributor to GDP as activity slumped 11.6% due mainly to a fall in oil and gas extraction. The construction sector declined 1% as spending on both residential and non-residential building slid by more than 3%.Earlier in June, the government agency said the Middle East conflict and the resulting increase in fuel prices will influence various segments of the economy, but the full impact is likely to be evident in second-quarter GDP data due for release in September.Westpac said that while the 0.8% first-quarter growth is slightly lower than the bank's forecast, the net impact of certain revisions, including the upward revision of December 2025 quarter growth to 0.5% from 0.2%, "make this a stronger overall result than we were expecting."ANZ echoed that sentiment, saying the result marks "a good start to the year." The data is unlikely to alter the Reserve Bank of New Zealand's thinking, ANZ said, adding that it still expects the central bank to raise its official rate by 25 basis points in July.
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