S&amp;P/NZX 50 Index

New Zealand First Home Buyers Hit Record 28% Market Share in Q2, Says Trade Me

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 Monday report by Trade Me Property.The report attributed the surge to several factors, including KiwiSaver withdrawals helping buyers pull together deposits, banks deploying low-deposit lending allowances of up to 25% of owner-occupier loans at less than 20% equity, and Reserve Bank data showing 55% of first home buyer loans in June were approved with less than a 20% deposit.First home buyer momentum is not confined to major cities, with entry-level buyers finding opportunities across the country, the report added.Cotality Chief Property Economist Kelvin Davidson noted that sales volumes have eased somewhat in recent months and listing stock remains elevated, with values edging lower and sitting about 18% below their early 2022 peak, although remaining 16% above where they were before the pandemic.

^NZ50ASX:A2MASX:GTKNZE:ATMNZE:GTK

Asia31d ago

NZX Midday Sector Update: Technology Services Soars, Consumer Non-Durables Slide

Technology services shares gained the most on the New Zealand Exchange, rising 1% by midday Monday.Shares of Gentrack Group (NZE:GTK, ASX:GTK) rose past 4% in recent trade.Meanwhile, the consumer non-durables sector fell past 1%.a2 Milk Co. (ASX:A2M, NZE:ATM) shares fell about 5% in recent trade.The dairy nutrition company on Monday logged NZ$0.325 in underlying basic earnings per share for fiscal 2026, compared with NZ$0.304 a year ago.

US Markets31d ago

New Zealand Service Sector Expands in July, Employment Struggles

New Zealand's services sector showed expansion for a second consecutive month in July but without any sign of acceleration, weighed down by contraction in employment and supplier deliveries.The BNZ BusinessNZ Performance of Services Index (PSI) for July was 50.6 in seasonally adjusted terms, above the 50 mark that indicates expansion but slightly down from 50.9 in June.New orders/business was the strongest sub-index at 52.6, up from 53.3 in June, while employment remained in contraction at 48.5, down marginally from June's 48.8 reading.The report said that there is little chance of the unemployment rate falling until meaningful services job growth returns, given the size of New Zealand's services sector.The supplier deliveries sub-index fell into contraction with a reading of 48.5, down from 51.2 in June."The positive take is that this represents progress, with the past two months having shown better readings than for most of the past three years. Moreover, the activity/sales index rose above 50 for the first time in six months," said BNZ Senior Economist, Doug Steel.The BusinessNZ Performance of Manufacturing Index (PMI) report on Friday showed that the manufacturing sector expanded with a reading of 54.3, below June's 60.1 reading but above the survey's long-term average of 52.5.BusinessNZ Performance of Composite Index, which combines the PMI and PSI, was at 51.1 in the gross domestic product-weighted Index and 52.6 in the free-weighted index, compared to 51.6 and 53.8 in June, respectively.

New Zealand Electronic Card Transactions Rise in July

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 released on Monday.Spending in the retail industries was up NZ$7.09 billion from NZ$6.89 billion in July 2025, while spending in the core retail industries increased NZ$6.39 billion from NZ$6.2 billion.

New Zealand's Services Sector Holds On to July Expansion, BusinessNZ Says

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) released on Monday.The PSI for July was 50.6 in seasonally adjusted terms, slightly down from 50.9 in June, but above 48.1 in May.New orders/business was the strongest sub-index at 52.6, compared with last year's 50.1.Employment remains the sector's soft spot, sitting at 48.5 alongside supplier deliveries, showing firms remain cautious about committing to new hires, BusinessNZ CEO Katherine Rich said.Employment was at 47.5 last year, while supplier deliveries stood at 49.1.

New Zealand Fuel Prices Fall for Third Consecutive Month in July

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 on Monday."Fuel prices decreased for a third consecutive month," said prices and deflators spokesperson Nicola Growden. This means prices for petrol and diesel fell below levels recorded in March, although they remain higher than in February.In the 12 months to July, the price for petrol was up over 15% and diesel up nearly 35%.Food prices inched up 0.1% in July compared with the previous month, driven by a 3.1% rise in fruit and vegetable prices. "Meat and poultry prices recorded their largest monthly fall in more than five years, decreasing 1.7 percent in July," Growden added.Food prices rose 1.9% in the 12 months to July, building on a 2.5% rise in the 12 months to June. "This is the smallest annual increase in food prices since December 2024," Growden said.The restaurant meals and ready-to-eat food group climbed 3.2%, while the grocery food group was up 1.6% on an annual basis. In contrast, fruit and vegetable prices fell 1%.Domestic and international airfares rose by almost 21% and roughly 11%, respectively, month over month in July.

^NZ50ASX:CENASX:MEZNZE:CENNZE:MEL

New Zealand Shares Rise Slightly; Contact Energy Posts Higher Retail Electricity, Gas Sales in July

New Zealand shares ended slightly higher on Friday after Thursday's Wall Street rally, while a US-Iran peace deal remained elusive.The S&P/NZX 50 Index rose 0.21% or 29.08 points to close at 13,854.38.On Thursday, the S&P 500 rose 0.7%, the Nasdaq gained 0.8%, while the Dow Jones was up 0.1%.The US said on Thursday it could maintain its naval blockade of Iran indefinitely and would intensify economic pressure on Tehran, as ceasefire talks stalled, global oil supply tightened, and regional tensions continued to rise, according to a Reuters report.In domestic news, the Reserve Bank of New Zealand (RBNZ) on Friday left loan-to-value ratio (LVR) settings unchanged in its annual review of macroprudential policy, noting that housing risks are currently contained.Further, manufacturing in New Zealand continued to expand in July, although at a slower pace than in June, as broader sentiment remained negative, with concerns about the Middle East conflict and cost pressures holding back spending, BusinessNZ said.Also, costs for supermarkets in New Zealand from grocery suppliers increased 1.9% in July from a year earlier, Infometrics said in a report.In corporate news, Contact Energy's (ASX:CEN, NZE:CEN) retail mass-market electricity and gas sales increased year on year in July, alongside a rise in wholesale contracted electricity sales.Meridian Energy's (ASX:MEZ, NZE:MEL) retail contracted sales volumes rose to 870 gigawatt-hours (GWh) in July from 850 GWh a year earlier.

International34d ago

New Zealand Central Bank Maintains Loan-to-Value Ratio Restrictions Amid Contained Housing Risks

The Reserve Bank of New Zealand (RBNZ) on Friday left loan-to-value ratio (LVR) settings unchanged in its annual review of macroprudential policy, noting that housing risks are currently contained.The current settings, which have been in place since December 2025, allow up to 25% of new lending to have an LVR above 80% for owner occupiers, and up to 10% of new lending to have an LVR above 70% for investors."Nationally, house prices have remained broadly flat in recent years, while mortgage lending growth has been modest and the share of higher-risk lending remains manageable," said Angus McGregor, the central bank's assistant governor of financial stability.He added that debt-to-income restrictions, which complement LVR settings as a guardrail against the accumulation of high-risk lending, also remain in place.

^NZ50NZE:ANZNZE:CMONZE:GNENZE:GTKNZE:NPHNZE:NZKNZE:SANNZE:SPGNZE:TEMNZE:WIN

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.Winton Land (NZE:WIN): +14%, NZ$1.44The Colonial Motor Company (NZE:CMO): +8%, NZ$7.00Gentrack Group (NZE:GTK): +5%, NZ$3.89Stride Stapled Group (NZE:SPG): +3%, NZ$1.17Napier Port Holdings (NZE:NPH): +3%, NZ$3.70Sanford (NZE:SAN): +2%, NZ$7.07New Zealand King Salmon (NZE:NZK): +2%, NZ$0.25ANZ Group Holdings (NZE:ANZ): +2%, NZ$46.70Templeton Emerging Markets (NZE:TEM): +2%, NZ$7.41Genesis Energy (NZE:GNE): +2%, NZ$2.65

^NZ50NZE:AFINZE:EBONZE:MCKNZE:MKRNZE:SMINZE:SMLNZE:SUMNZE:THLNZE:VNTNZE:WHS

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Friday.Manuka Resources (NZE:MKR): -6%, NZ$0.10Santana Minerals (NZE:SMI): -5%, NZ$0.63Ventia Services Group (NZE:VNT): -4%, NZ$6.92Australian Foundation Investment (NZE:AFI): -4%, NZ$8.30Millennium & Copthorne Hotels NZ (NZE:MCK): -3%, NZ$3.10EBOS Group (NZE:EBO): -2%, NZ$21.39Tourism Holdings (NZE:THL): -2%, NZ$2.80Summerset Group (NZE:SUM): -2%, NZ$8.03The Warehouse Group (NZE:WHS): -1%, NZ$0.68Synlait Milk (NZE:SML): -1%, NZ$0.38

^NZ50NZE:ATMNZE:GNZNZE:IFTNZE:IPLNZE:PCT

NZX Most Active Stocks

Here are the most actively traded stocks on New Zealand's Exchange on Friday.Precinct Properties NZ & Precinct Properties Investments (NZE:PCT): 907,862 sharesa2 Milk Co. (NZE:ATM): 585,822 sharesInfratil (NZE:IFT): 359,524 sharesGoodman New Zealand & Goodman Property Services (NZE:GNZ): 317,592 sharesInvestore Property (NZE:IPL): 238,620 shares

^NZ50ASX:GTKASX:VNTNZE:GTKNZE:VNT

NZX Midday Sector Update: Technology Services Soars, Industrial Services Slide

Technology services shares gained the most on the New Zealand Exchange, rising nearly 2% by midday Friday.Shares of Gentrack Group (NZE:GTK, ASX:GTK) rose 4% in recent trade.Meanwhile, the industrial services sector fell past 4%.Ventia Services Group (NZE:VNT, ASX:VNT) shares fell about 5% in recent trade.

US Markets34d ago

New Zealand Manufacturing Sector's Expansion Slows in July

New Zealand's manufacturing sector continued to expand in July but at a slower pace amid weakened sentiment due to the impacts of the Middle East conflict.According to the BusinessNZ Performance of Manufacturing Index (PMI), the seasonally adjusted PMI for July came at 54.3, above the 50 mark that indicates expansion, but down from 60.1 in June, while managing to stay above the survey's long-term average of 52.5."What's more concerning is the shift in sentiment, with 57% of comments being negative. Respondents continue to point to the conflict in the Middle East, high fuel and raw material costs, and a general reluctance from customers to spend, with a number also citing uncertainty ahead of the election," said BusinessNZ's Director of Advocacy, Catherine Beard.Steady order books and stronger export sales were reasons for optimism, while cost pressures from fuel, freight, and raw materials, alongside the ongoing Middle East conflict, were the main headwinds.All subindexes showed expansion, albeit slower than June's remarkable levels, with production the strongest at 57.3, followed by deliveries at 55.8.New Orders were down to 53.3, finished stocks eased to 53.2, and employment was the weakest at 52.8."We acknowledge 54.3 is softer than June's staggering result; however, some month-on-month volatility in the PMI is common and not an immediate cause for concern," said BNZ Senior Economist, Doug Steel.The data adds to several forward-looking indicators suggesting economic momentum is building, with positive growth expected beyond the second quarter despite slight negative gross domestic product growth expected for the period, the PMI report said.According to the JP Morgan Global Manufacturing PMI, New Zealand remains among the top manufacturers after Japan, which reached 54.5, while the US followed with 53.9.

International34d ago

New Zealand Supermarkets See Grocery Supplier Costs Rise Nearly 2% Year Over Year in July, Infometrics Says

Costs for supermarkets in New Zealand from grocery suppliers increased 1.9% in July from a year earlier, Infometrics said in a Friday report."July's result was the slowest annual increase since February 2025, driven by a number of cost decreases as some fuel adjustment factors reversed out," according to Infometrics principal economist Brad Olsen.At the same time, "product cost increases haven't been as intense as first feared when conflict in the Middle East sent various input costs soaring," Olsen said."Although costs for some items have eased back slightly, increases continue across some household staples including meats, some produce, and recently some non-food grocery items," Olsen added.Supplier costs rose across all departments in July compared with a year earlier, with butchery cost increases led by beef, lamb, and pork, while higher produce costs were led by onions, cucumbers, and certain fruits.Month on month, just over 3,600 products increased in cost from June to July, which Infometrics said is "a more usual number of monthly cost increases after the surge in June."

International34d ago

New Zealand's Manufacturing Continues Expansion in July, BusinessNZ Says

Manufacturing in New Zealand continued to expand in July, although at a slower pace than in June, as larger sentiment remained negative, with concerns about the Middle East conflict and cost-pressures holding back spending, BusinessNZ said Friday.According to the BusinessNZ Performance of Manufacturing Index (PMI), seasonally adjusted PMI for July came at 54.3, a reading above the 50.0 mark that indicates expansion. It fell from the 60.1 in June but managed to stay above the survey's long-term average of 52.5.Respondent comments reflected concerns about cost pressures, from fuel and freight to raw materials, as well as uncertainty ahead of the general election in November.All sub-indices showed growth, led by production at 57.3, while new orders fell back to 53.3 and employment came in at the bottom at 52.8."We acknowledge 54.3 is softer than June's staggering result, however, some month-on-month volatility in the PMI is common and not an immediate cause for concern," said Doug Steel, BNZ senior economist.

^NZ50ASX:ANZASX:SKCNZE:ANZNZE:SKC

Asia35d ago

New Zealand Shares Rise; ANZ Group Fiscal Q3 Cash Profit Rises

New Zealand shares ended higher on Thursday as Asian markets saw gains after the latest US inflation data lowered expectations of a Federal Reserve rate hike.The S&P/NZX 50 Index rose 0.64% or 87.64 points to close at 13,825.30.On Wednesday, the S&P 500 rose 0.3%, the Nasdaq gained 0.5% while the Dow Jones was little changed.The US consumer price index rose 3.4% last month from a year earlier, decelerating from a 3.5% rise in June and marking the slowest pace of growth since March, Bureau of Labor Statistics data showed Wednesday.In domestic news, New Zealand housing market prices remained steady in July, but the pace of activity has slowed due to cautious buyers, according to a report from the Real Estate Institute of New Zealand.Further, the Reserve Bank of New Zealand said the respondents for its September quarter survey of expectations expect the country's annual consumer price index growth to be 2.6% one-year-out and 2.34% two-years-out, data showed.Also, high fuel prices are weighing on terms of trade, but it is not anticipated to derail New Zealand's economic recovery, ANZ said.In corporate news, ANZ Group Holdings (ASX:ANZ) logged AU$1.901 billion in cash profit for fiscal Q3, up 2% from a year ago.SkyCity Entertainment Group (ASX:SKC, NZE:SKC) is considering restructuring its operations, which could lead to 200 roles being affected, media reports said.

International35d ago

High Fuel Prices Expected to Slow New Zealand's 2026 Economic Growth Without Derailing Recovery, ANZ Says

High fuel prices are weighing on terms of trade, but it is not anticipated to derail New Zealand's economic recovery, ANZ said in a Thursday report.However, the impact of high fuel prices is expected to slow growth within the year, the filing said.ANZ expects growth over 2026 to come in at 1.7% on an annual basis, before accelerating to 2.6% and 2.8% in 2027 and 2028, respectively, as the oil shock and associated hit to confidence and balance sheet stress dissipate. It expects annual inflation to slow to 3.5% by the end of 2026, before stabilising around 2% by the end of 2027.The bank continues to expect an official cash rate peak of 3%; however, the evolution of inflation pressures will ultimately determine where it settles. Risks to the equilibrium cash rate are skewed higher.New Zealand's economic recovery is proving uneven, gradual, and increasingly vulnerable to upside inflation risks. Uncertainty remains elevated, particularly around the global outlook.Several important growth drivers remain intact. Export incomes remain strong; the combination of favorable prices for many agricultural exports and a low New Zealand dollar continues to provide a significant income boost to large parts of regional New Zealand. Tourism is also continuing to recover. New Zealand's labor market is improving relative to Australia.However, some of the traditional cyclical drivers of growth are close to neutral instead of stimulatory, the bank added. Several headwinds are containing growth, with the oil price shock the most obvious.

International35d ago

New Zealand Annual Inflation Growth Expectations Fall, RBNZ Survey Shows

The Reserve Bank of New Zealand (RBNZ) said the respondents for its September quarter survey of expectations expect the country's annual consumer price index (CPI) growth to be 2.6% one-year-out and 2.34% two-years-out, data showed Thursday.The survey measures the expectations of forecasters, economists, and business leaders about the future of the New Zealand economy.The respondents had expected one-year-out CPI growth to be 3.41% and two-years-out growth to be 2.53% in the June quarter.The perception of monetary conditions was negative 63.16% at the end of the September quarter and flat in the December quarter. The measure was up nearly 16% one year out.

International35d ago

New Zealand Housing Market Prices Remain Flat in July, REINZ Says

New Zealand housing market prices remained steady in July, but the pace of activity has slowed due to cautious buyers, according to a report from the Real Estate Institute of New Zealand (REINZ) released on Thursday.The national median sale price of NZ$760,000 recorded a 0.7% year-on-year decline, while sales saw a 10% decrease compared with July 2025.Properties took longer to sell, with the national median Days to Sell at 50 days, an increase of two days year-on-year and the fifth-slowest July on record since REINZ records started in 1992.People are purchasing and selling property daily, but buyers are taking time considering their options, and sellers are sometimes allowing more time for the right buyer to come along, REINZ Chief Executive Lizzy Ryley said.Inventory increased, primarily due to properties taking longer to sell rather than an influx of new listings.