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611 stories mentioning S&P/NZX 50 IndexUpdated 2h ago

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

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Asia

New Zealand Shares Rise; Fisher & Paykel Healthcare Raises Fiscal 2027 Profit, Revenue Outlook

New Zealand shares ended higher on Thursday while most Asian shares saw gains despite Thursday's lower Wall Street close.The S&P/NZX 50 Index rose 0.38% or 52.84 points to close at 13,972.66.Overnight, the S&P 500 fell 0.9%, the Nasdaq Composite lost 1%, and the Dow Jones decreased 1.3%.In domestic news, New Zealand goods imports rose by NZ$2.1 billion in July to NZ$9.3 billion compared with the same period last year, according to a report released by Stats NZ.Also, credit card spending in New Zealand increased by 1.4% month on month to NZ$4.45 billion in July after a 1.2% decrease in the previous month, while credit card balances rose 0.3% to NZ$5.88 billion, data from the Reserve Bank of New Zealand showed.Further, expectations for New Zealand's one-year-ahead annual consumer price index (CPI) growth fell to 2.99% in the September quarter, according to the Reserve Bank of New Zealand's (RBNZ) survey.In corporate news, Fisher & Paykel Healthcare (ASX:FPH, NZE:FPH) now expects a fiscal 2027 net profit after tax (NPAT) of about NZ$525 million to NZ$565 million, and operating revenue of about NZ$2.47 billion to NZ$2.57 billion.Manuka Resources (ASX:MKR, NZE:MKR) restarted gold production at its Wonawinta processing facility in New South Wales, marking the company's return to precious metals production.

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International

New Zealand Annual CPI Growth Expectations Fall in September Quarter, RBNZ Survey Says

Expectations for New Zealand's one-year-ahead annual consumer price index (CPI) growth fell to 2.99% in the September quarter, according to the Reserve Bank of New Zealand's (RBNZ) survey published on Friday.The survey seeks to understand the economic outlook held by key decision makers from a representative sample of businesses and organizations in New Zealand.Two-year-ahead CPI growth expectations decreased to 2.55%, while five-year-ahead CPI growth expectations decreased to 2.48%, and 10-year-ahead CPI growth expectations to 2.51%.One-year ahead, two-year ahead, five-year ahead, and 10-year ahead annual CPI growth expectations in the June quarter were 3.68%, 2.87%, 2.72%, and 2.94%, respectively.One-year-ahead unemployment rate expectations also fell to 5.22% in the September quarter from 5.5% in the June quarter, and two-year-ahead unemployment rate expectations decreased to 4.89% from 5.25%.Expectations for annual wage growth over the next one year increased to 2.82% from 2.81%, while expectations for the next two years fell to 3.02% from 3.1% in the previous quarter.

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International

New Zealand Credit Card Spending, Balances Rise in July

Credit card spending in New Zealand increased by 1.4% month on month to NZ$4.45 billion in July after a 1.2% decrease in the previous month, while credit card balances rose 0.3% to NZ$5.88 billion, data from the Reserve Bank of New Zealand showed Friday.Domestic billings on New Zealand-issued cards rose by 0.9% to NZ$3.92 billion in July, following a 1% decrease in the previous month. Billings on overseas-issued cards rose to NZ$522 million from NZ$441 million.Compared with the year-earlier period, credit card spending rose 5.3% in July after a 0.7% increase a year ago.

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Asia

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

Industrial services gained the most among New Zealand sectors on Friday, advancing almost 2%.Ventia Services Group's (NZE:VNT, ASX:VNT) shares gained 2% in recent trade.Meanwhile, the energy minerals sector fell almost 1%.Channel Infrastructure (NZE:CHI, ASX:CHI) shares fell 1% in recent trade.

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International

New Zealand Goods Imports Rises to NZ$9 Billion in July

New Zealand goods imports rose by NZ$2.1 billion in July to NZ$9.3 billion compared with the same period last year, according to a report released by Stats NZ on Friday.Meanwhile, goods exports rose by NZ$881 million to NZ$7.4 billion.Total annual imports were valued at NZ$89.8 billion, up NZ$9 billion on last year, with petroleum and petroleum products leading the rise, up NZ$2.3 billion to NZ$12.1 billion."Fuel accounted for one-quarter of the rise in the overall value of imports in the year ended July 2026," international accounts spokesperson Shanna Dilworth said.Total annual exports were valued at NZ$84.6 billion, up NZ$7.9 billion on last year.The annual trade deficit increased to NZ$5.2 billion in July, compared with NZ$4.2 billion in July 2025, the report said.

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Asia

New Zealand Shares Flat; Spark New Zealand Fiscal 2026 Adjusted Earnings Down, Revenue Up

New Zealand shares ended flat on Thursday while most Asian shares rose higher as markets digested US plans to ease its Treasury yields.The S&P/NZX 50 Index was little changed to close at 13,919.82.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones gained about 0.2% each.The US Treasury announced support measures for long-duration bonds on Wednesday, seeking to stem a rise in yields that had unsettled global investors, according to a Wednesday Reuters report.The US 30-year Treasury yield was last at 4.64% while the US 10-year Treasury yield was last at 5.18%.In domestic news, New Zealand has the potential to deliver over a gigawatt (GW) of new compute capacity over the next five years, an increase from the previous 600-megawatt base scenario, which could see New Zealand capture 0.5% of global compute capacity in 2030, according to a report by Boston Consulting Group.In corporate news, Spark New Zealand (ASX:SPK, NZE:SPK) logged NZ$0.119 in adjusted earnings per share for fiscal 2026, compared with NZ$0.123 a year ago.PGG Wrightson (NZE:PGW) said Chief Financial Officer Peter Scott will step down from his role at the end of October.

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International

New Zealand Could Potentially Deliver over One GW of Compute Capacity over Next Five Years, Boston Consulting Group Says

New Zealand has the potential to deliver over a gigawatt (GW) of new compute capacity over the next five years, an increase from the previous 600-megawatt base scenario, which could see New Zealand capture 0.5% of global compute capacity in 2030, according to a Thursday report by Boston Consulting Group.The global data center market has nearly doubled in size over the past five years and is expected to more than double again by 2030, reaching 198 GW of compute capacity, excluding China. This growth is increasingly concentrated around artificial intelligence training and inference on the latest high-performance chips.New Zealand has many of the structural factors required to support data centers. Its energy grid could power data centers, with the share of renewables on track to exceed 95% from 2027.A total of 5 terawatt-hours (TWh) of annual renewable generation was commissioned from 2020 to 2025, equivalent to 11% of 2025 total generation. 3.4 TWh of electric generation is in the construction or final commissioning phases, to be delivered in 2026 to 2028.It also has international subsea routes to the US and Australia, a stable operating environment, mild climate, and comparable costs to other developed Asia Pacific countries.Developing data centers and the supporting fiber and energy infrastructure could attract NZ$25 billion to NZ$35 billion of locally retained private investment, create up to 3,500 jobs at the construction peak, and 1,200 ongoing operational jobs once construction is complete.

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Asia

NZX Midday Sector Update: Communications Soar, Industrial Services Decline

Communications shares gained the most on the New Zealand Exchange, rising 2% by midday Thursday.Spark New Zealand (NZE:SPK, ASX:SPK) was the best performer in the sector, rising past 7%.The dual-listed telecommunications and digital services company on Thursday reported NZ$0.119 in adjusted earnings per share for fiscal 2026, compared with NZ$0.123 a year ago.Meanwhile, the industrial services sector fell 4%.Ventia Services Group (NZE:VNT, ASX:VNT) shares fell 3% in recent trade.

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Asia

New Zealand Shares Rise; NZX Appoints CEO

New Zealand shares ended higher on Wednesday while most Asian shares saw losses after Tuesday's Wall Street sell-off.The S&P/NZX 50 Index rose 0.46% or 63.49 points to close at 13,929.67.Overnight, the S&P 500 fell 0.7%, the Nasdaq lost 1.3%, while the Dow Jones was down 0.2%.In domestic news, prices paid by producers of goods and services in New Zealand in the June quarter saw a 4.1% increase compared with the same period last year, according to a report released by Stats NZ.Also, a total of 41,054 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 36,340 to 43,585 MT, according to data from the trading platform.Elsewhere, housing affordability in New Zealand has returned to its long-term average due to several years of lower property values, decreasing mortgage rates, and rising household incomes, according to the Cotality Housing Affordability Report.In corporate news, Seeka (ASX:SEK, NZE:SEK) said its current Chair Mark Dewdney will step down from the role on Thursday, and that its board appointed Hayley Gourley as successor.NZX (NZE:NZX) appointed Hishaam Mirza as chief executive, effective Sept. 14.

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International

New Zealand Housing Affordability Returns to Long-Term Average, Cotality Says

Housing affordability in New Zealand has returned to its long-term average due to several years of lower property values, decreasing mortgage rates, and rising household incomes, according to the Cotality Housing Affordability Report released on Wednesday.The report indicates that every major affordability measure improved in the June quarter, with the national value-to-income ratio falling to 6.7 in the second quarter, aligning with its long-term average from 2004 to 2026, and down from the peak of 9.8 in late 2021.Housing was not necessarily "cheap," but affordability was no longer the barrier that it was four or five years ago, Cotality NZ Chief Property Economist Kelvin Davidson said.Mortgage repayments fell to 40% of gross household income, below the long-term average of 42% and lower than the 54% peak observed in late 2021.The typical time required to save a 20% deposit also eased to 8.9 years, slightly below the long-term average of 9 years and well below the cyclical peak of a little over 13 years, per the report.

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Asia

NZX Midday Sector Update: Non-Energy Minerals Advances, Consumer Durables Fall

Shares of non-energy mineral firms gained the most on New Zealand's Exchange, rising over 3% by midday Wednesday.Shares of Fletcher Building (ASX:FBU, NZE:FBU) rose over 4% in recent trade.The building materials firm on Wednesday logged NZ$0.209 in earnings per share for fiscal 2026, compared with a loss of NZ$0.414 a year ago.Meanwhile, the consumer durables sector fell almost 2%.KMD Brands (NZE:KMD, ASX:KMD) was down nearly 2% in recent trade.

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International

New Zealand Input Producers Price Index Rises Over 4% Year on Year in June

Prices paid by producers of goods and services in New Zealand in the June quarter saw a 4.1% increase compared with the same period last year, according to a report released by Stats NZ on Wednesday."In the June quarter, prices paid by producers for inputs like fuel, power, and raw materials rose faster than prices received for the goods and services they produced," said prices and deflators spokesperson Nicola Growden.Prices received by producers of goods and services rose 3.2%.Meanwhile, prices paid by farmers recorded an 8% year-on-year increase in June, while capital goods prices saw a 3.2% year-on-year increase.

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International

Quantity Sold at GDT Auction Exceeds 41,000 Metric Tonnes

A total of 41,054 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) auction held on Tuesday, with supply ranging from 36,340 to 43,585 MT, according to data from the trading platform.The average selling price for whole milk powder was $3,591 per MT, anhydrous milk fat averaged $5,993 per MT, and mozzarella and butter averaged at $4,234 per MT and $5,090 per MT, respectively.Additionally, cheddar prices averaged $3,744 per MT, lactose averaged $1,807 per MT, and skim milk powder and butter milk powder averaged at $3,502 per MT and $4,552 per MT, respectively.

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Asia

New Zealand Shares Rise; Vector Fiscal 2026 Earnings, Revenue Up

New Zealand shares ended higher while most Asian shares saw losses after Monday's Wall Street sell-off and an intensifying US-Iran situation.The S&P/NZX 50 Index rose 1.05% or 144.20 points to close at 13,866.18.Overnight, the S&P 500 fell 0.5%, the Nasdaq lost 0.3%, while the Dow Jones was down 0.5%.Iran would adopt a "fully offensive" military posture as peace negotiations with the US have stalled, while Washington ruled out extending a temporary ceasefire, according to a Monday Reuters report, citing a senior Iranian official.In domestic news, the Reserve Bank of New Zealand (RBNZ) is exploring ways to modernize the country's outdated retail payments system, which handles an annual payments volume of around NZ$2 trillion, the central bank said.Also, Brent crude oil is expected to ease to an average of $83 in the September quarter and to continue to decline to $80 by the March quarter 2027, Westpac said.In corporate news, Vector (NZE:VCT) logged NZ$0.24 in earnings per share for fiscal 2026, compared with NZ$0.167 a year ago.Mercury NZ (ASX:MCY, NZE:MCY) logged NZ$0.2266 in earnings per share for fiscal 2026, compared with NZ$0.0007 a year ago.

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International

New Zealand Central Bank Moves to Modernize Outdated Retail Payments System

The Reserve Bank of New Zealand (RBNZ) is exploring ways to modernize the country's outdated retail payments system, which handles an annual payments volume of around NZ$2 trillion, the central bank said Tuesday.Given that scale, even small efficiency improvements can boost national productivity, improve the global competitiveness of local businesses, and strengthen the country's economic resilience, said Assistant Governor Karen Silk.The central bank has created two workstreams to pursue the modernization. The first of them will examine the technical requirements needed to update infrastructure, while the second one will focus on reforming strategic leadership, regulatory coordination, and system governance across the system."Key strategic questions include whether to continue pursuing incremental reform or to undertake structural modernization of the underlying payments infrastructure to build long-term capability and strengthen resilience," the RBNZ said.The central bank is seeking feedback on the issues it has identified through a consultation period that runs until Oct. 27.

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Asia

NZX Midday Sector Update: Consumer Non-Durables Stocks Jump, Energy Minerals Sector Struggles

Consumer non-durables stocks advanced over 3% at midday Tuesday.a2 Milk Company (NZE:ATM, ASX:A2M) gained almost 7% in recent trade.On the flip side, the energy minerals sector struggled, shedding over 1%.Channel Infrastructure (NZE:CHI, ASX:CHI) shares fell 1% in recent trade.

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International

Asia Week Ahead: Interest Rate Decisions; Inflation Print; GDP Growth

Investors will monitor a number of key data releases this week, including rate decisions, inflation data, and GDP figures.The week starts with a slew of economics reports from China, as well as GDP data from Japan and Thailand.Indonesia's central bank will make a decision about its benchmark rate on Wednesday, with China publishing a decision on loan prime rate figures on Thursday.Investors will also closely watch the U.S. Fed's July meeting minutes scheduled to land on Wednesday for hints on a potential rate hike in September.Friday will see flash PMIs for India and Japan, with South Korea releasing producer inflation data.MONDAY, AUG. 17Japan's economy expanded at an annualized rate of 1.1% in the second quarter. The country's industrial production rose 4.9% year over year in June, compared with a 2.1% decline in May.Thailand also released GDP data, with growth expanding 1.9% year over year in the second quarter, slowing from the 2.8% expansion in the preceding quarter.Separately, Singapore's non-seasonally adjusted merchandise trade surplus shrank to SG$12.6 billion in July from SG$12.9 billion in June. Total merchandise exports and imports jumped by 40.6% and 36.3% year over year, respectively.The country's non-oil domestic exports (NODX) rose 24.2% year over year in July, following a 20.8% expansion in the prior month.Elsewhere, Malaysia's headline consumer price index (CPI) rose 1.8% year over year in July.China released an array of economic data on Monday.China's industrial production grew 4.5% year over year in July, narrower than the 5.3% expansion in June and missing the consensus forecast of 5% growth tracked by Investing.com.Retail sales of consumer goods climbed 0.6% year over year to 3.902 trillion yuan in July, slower than the 1% expansion in the prior month, while the country's surveyed urban unemployment rate rose to 5.2% in July.Finally, new home prices in China's 70 major cities decreased 3.2% year over year in July.India is scheduled to release its unemployment rate later on Monday.WEDNESDAY, AUG. 19Bank Indonesia is anticipated to keep its benchmark rate steady at 5.75%, according to experts at ING.The central bank is expected to keep its focus on maintaining rupiah stability and controlling inflation while supporting growth, the Wall Street Journal said, citing CIMB analysts.Japan's machinery orders are projected to rise 9.5% in June on a month-over-month basis, according to a Trading Economics forecast, and 7.9% based on consensus.THURSDAY, AUG. 20China is expected to keep its one- and five-year loan prime rates unchanged at a respective 3% and 3.5%, according to ING and the WSJ.Taiwan's export order growth is forecast to accelerate to 67.5% year over year in July, ING further said.Elsewhere, Hong Kong is expected to release inflation numbers, while Japan is set to release trade data.Japan's trade deficit for July is expected to widen to 680 billion yen, according to a Trading Economics consensus, with exports and imports anticipated to grow 19.9% and 26.5%, respectively.FRIDAY, AUG. 21In Japan, July inflation data arrives on Friday. Headline and core CPI are projected to rise to a respective 2% and 1.8% according to a market consensus, ING said.Japan's flash S&P composite PMI for August is projected at 52.8 by Trading Economics, while India's flash HSBC composite PMI is expected to come in at 55.5.Separately, South Korea's producer price index will likely slow to 8.5% year-over-year in July from 8.6% the previous month, based on a Trading Economics forecast.

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International

Brent Crude Expected to Continue to Ease Across 2026, Westpac Says

Brent crude oil is expected to ease to an average of $83 in the September quarter and to continue to decline to $80 by the March quarter 2027, Westpac said in a commodity forecast report filed on Monday.Gold is forecast to reach an average of $4,350 per ounce in the September quarter, rising to a peak of $4,700 in the June 2030 quarter, while iron ore fines at 62% iron content are expected to reach a peak of $100 per tonne in the September quarter, before falling to $83 by June 2027, the report added.Copper is forecast at a quarterly average of $13,800 per tonne in the September quarter, falling to $11,470 in the December 2028 quarter before recovering to $13,280 by the June 2030 quarter, while aluminum is expected to climb to $3,310 per tonne in the September quarter 2027 before retreating to $3,000 by the June 2028 quarter, the report added.Nickel is forecast to rise to an average of $17,070 per tonne in the September quarter, before rising to $17,450 by December 2027, while zinc is expected to decline to $3,590 in the September quarter and reach $2,700 by the March 2029 quarter.Lead is forecast to reach $1,900 per tonne in the three months to September and hold broadly steady for the rest of the year, the report said.

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Asia

New Zealand Shares Fall; a2 Milk Co. Fiscal 2026 Underlying Earnings, Revenue Up

New Zealand shares ended lower on Monday while most Asian markets saw gains amid unsuccessful US-Iran peace talks.The S&P/NZX 50 Index fell 0.96% or 132.40 points to close at 13,721.98.On Friday, the S&P 500 fell 0.1%, the Nasdaq lost 0.3%, while the Dow Jones was down 0.2%.Shipping through the Strait of Hormuz slowed over the weekend following tanker attacks, as US-Iran negotiations to end the Middle East conflict hit an impasse, according to a Monday Reuters report, citing ship-tracking data from Kpler.In domestic news, New Zealand's services sector held on to its expansion in July after the return to growth in June, according to the BNZ BusinessNZ Performance of Services Index (PSI).Also, petrol and diesel prices in New Zealand fell 5.7% and over 12%, respectively, in July compared with the previous month, according to a Stats NZ selected price indexes report.Further, the value of New Zealand electronic card transactions in July, in seasonally adjusted terms, rose NZ$9.81 billion from last year's NZ$9.54 billion, according to a report from Stats NZ.Meanwhile, New Zealand first home buyers accounted for a record high market share of more than 28% of property purchases in the second quarter, according to a report by Trade Me Property.In corporate news, a2 Milk Co. (ASX:A2M, NZE:ATM) logged NZ$0.325 in underlying basic earnings per share for fiscal 2026, compared with NZ$0.304 a year ago.Synlait Milk (ASX:SM1, NZE:SML) noted the media reports regarding a "potential transaction" involving third parties and confirmed that it is not involved in any discussions with a2 Milk (ASX:A2M, NZE:ATM) or Fonterra (NZE:FCG) regarding the matters referred to in those reports.

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International

New Zealand's July Selected Price Indexes Suggest Downside Risk to September Quarter CPI Forecast, ANZ Says

The New Zealand selected price indexes for July came in weaker than expected, suggesting some downside risk to the September quarter consumer price index (CPI) forecast of 0.8% quarter over quarter, ANZ Research said in a Monday note.The selected price indexes fell 0.3% month over month, meaningfully weaker than its expectation of a growth of 0.5% over the period.Food prices, which account for nearly 19% of the CPI basket, rose 0.1% month over month, weaker than the 0.9% monthly reading forecast by ANZ. Meanwhile, alcohol and tobacco, accounting for 5.3% of the CPI basket, fell 0.3% over the period, weaker than the expectation of 0.4% growth.While some of the surprise came from the more volatile components in the selected price indexes, ANZ said some of the more slow-moving and persistent indexes surprised to the downside as well, such as rents, which represent over 11% of the CPI basket, and which fell 0.1% in July, compared with the forecasted growth of 0.1%. The flow measure of rents fell 0.6%, which after accounting for seasonality is consistent with broadly flat rents, ANZ added.

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