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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 Home Sales Fall 12.6% Year Over Year in May as Median Price Ticks Higher, REINZ Says

The volume of national home sales in New Zealand fell 12.6% year over year in May to 6,523, while the median sale price ticked 1.3% higher to NZ$775,000, according to data released Monday by the Real Estate Institute of New Zealand (REINZ).REINZ cautioned that the sales count comparison needs some context, as data for May 2025 followed earlier cuts to the country's official cash rate and relatively stronger market momentum.The national house price index edged down 0.6% annually to 3,585 in May, indicating a softer underlying price trend, albeit with continued strength in some of the country's higher-value and better-performing regions, according to the report."May 2026 points to a housing market that is steadier but still cautious and regionally uneven," REINZ said. "While buyers remain selective, market conditions continue to vary across the country, with some regions in the South Island recording particularly strong results, including new median price records."But the continuation of this trend will depend on several factors, including the central bank's July interest rate decision and the national election, as well as external influences like the Middle East conflict, the institute added.The data also showed property inventory levels in the country rising 5% year over year in May to 36,130. REINZ said a key indicator going forward will be whether sales activity keeps up with new supply as winter progresses.

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International

New Zealand Services Sector Contracts Further in May on Weak Demand

New Zealand's services sector contracted further in May as weak consumer demand and rising costs continued to weigh on activity, according to a statement by BusinessNZ on Monday.The BusinessNZ Performance of Services Index (PSI) fell to 47.5 in May from 48.7 in April. A reading below the 50-point mark points to contraction.Consumer caution continued to weigh heavily on discretionary services in May, with cafes, restaurants, and personal leisure businesses among the weakest as households held back on non-essential spending, said Katherine Rich, BusinessNZ's chief executive.The activity/sales indicator fell to 44.7 in May from 48.5 in April, while the employment measure inched up to 48.6 from 48.5. Stocks/inventories edged down to 47.5 from 47.6, supplier deliveries increased to 49.5 from 46.8, and new orders/business decreased to 47.6 from 50.9.Rising fuel costs and weak demand from low consumer confidence continue to weigh on businesses, with just over two-thirds of respondents reporting negative conditions, unchanged from April, the report said.The PSI has remained in contractionary territory in recent months, reflecting a sector still struggling to regain momentum and move back into expansion, said Doug Steel, BusinessNZ's senior economist.The seasonally adjusted BusinessNZ Performance of Composite Index declined as ongoing weakness in the PSI persisted, with both the manufacturing and services components remaining in contraction.The gross domestic product-weighted and free-weighted indexes both contracted further in May, falling to 48 and 48.4, respectively, from 48.5 and 49.2 in April.

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Asia

New Zealand Shares Rise; Fonterra Co-operative Group Appoints Elisa Giusti Chief Growth, Strategy Officer

New Zealand shares ended higher on Friday as Asian equities rallied on hopes that a Middle East peace deal is finally taking shape.The S&P/NZX 50 Index rose 1.45%, or 191.71 points, to close at 13,393.87.On Thursday, the Nasdaq Composite rose 2.5%, the S&P 500 increased by 1.8%, and the Dow Jones lifted 1.9%.President Donald Trump said Thursday a deal between the United States and Iran could be signed as early as this weekend, potentially reopening the Strait of Hormuz to shipping. However, Tehran said no final decision had been reached, according to a Thursday Reuters report.Investors will also be keeping an eye on SpaceX's initial public offering, which is set to be the biggest market debut yet, after raising $75 billion and gaining a valuation of $1.77 trillion.In domestic news, manufacturing in New Zealand edged lower in May as the sector struggled with weakening customer demand, higher fuel prices, and global uncertainty from the Middle East conflict, BusinessNZ said.Also, property prices in the US and Mexico are more affordable than in New Zealand, according to a FIFA World Cup-inspired comparison published by Trade Me.In corporate news, Fonterra Co-operative Group (NZE:FCG) appointed Elisa Giusti as chief growth and strategy officer, effective June 15.Ebos Group (ASX:EBO, NZE:EBO) unit Pet Care Distributors' proposed deal to acquire Paringa Pet Foods is under a phase one review by the Australian Competition and Consumer Commission (ACCC).

^NZ50ASX:EBONZE:EBONZE:FCG
Asia

NZX Biggest Losers

Here are the NZX-listed companies with the biggest losses on Friday.Manuka Resources (NZE:MKR): -8%, NZ$0.10Black Pearl Group (NZE:BPG): -2%, NZ$0.62The Warehouse Group (NZE:WHS): -2%, NZ$0.62Gentrack Group (NZE:GTK): -2%, NZ$3.75Pacific Edge (NZE:PEB): -2%, NZ$0.30Hallenstein Glasson Holdings (NZE:HLG): -1%, NZ$10.01AFT Pharmaceuticals (NZE:AFT): -1%, NZ$3.88Air New Zealand (NZE:AIR): -1%, NZ$0.41SkyCity Entertainment Group (NZE:SKC): -1%, NZ$0.46PGG Wrightson (NZE:PGW): -1%, NZ$2.08

^NZ50NZE:AFTNZE:AIRNZE:BPGNZE:GTKNZE:HLGNZE:MKRNZE:PEBNZE:PGWNZE:SKCNZE:WHS
Asia

NZX Biggest Gainers

Here are the NZX-listed companies with the biggest gains on Friday.a2 Milk Company (NZE:ATM): +11%, NZ$7.29Santana Minerals (NZE:SMI): +6%, NZ$0.67Scott Technology (NZE:SCT): +3%, NZ$2.82Heartland Group Holdings (NZE:HGH): +3%, NZ$1.23Fletcher Building (NZE:FBU): +3%, NZ$3.19EBOS Group (NZE:EBO): +3%, NZ$21.25Ryman Healthcare (NZE:RYM): +3%, NZ$2.33Spark New Zealand (NZE:SPK): +3%, NZ$1.95Mercury NZ (NZE:MCY): +2%, NZ$6.92Sky Network Television (NZE:SKT): +2%, NZ$3.18

^NZ50NZE:ATMNZE:EBONZE:FBUNZE:HGHNZE:MCYNZE:RYMNZE:SCTNZE:SKTNZE:SMINZE:SPK
Asia

FIFA World Cup Host Nations US, Mexico Have More Affordable Property Prices Than New Zealand, Trade Me Comparison Shows

Property prices in the US and Mexico are more affordable than in New Zealand, according to a FIFA World Cup-inspired comparison published by Trade Me.Compared with New Zealand's average asking price of NZ$855,050, the US is more economical at roughly NZ$634,062, while Canada has comparable prices at NZ$851,000, according to the report.The most striking divergence is with Mexico, where the national average is only NZ$171,000, meaning that a deposit for a typical house in New Zealand could be sufficient for an outright property purchase in Mexico, Trade Me said.In the Canadian market, Toronto and Vancouver are expensive, but venturing beyond these major hubs can provide options that are far cheaper than those in suburban Auckland. In Mexico, prices in the capital city average around NZ$365,000, which is still less than half of the New Zealand average, according to the report.

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Asia

NZX Midday Sector Update: Consumer Non-Durables Soar, Technology Services Decline

The consumer non-durables sector gained the most on New Zealand's Exchange, rising nearly 4% at midday Friday.a2 Milk (ASX:A2M, NZE:ATM) saw the sharpest increase in the sector, gaining almost 8% in recent trade.Meanwhile, the technology services sector declined nearly 3%.Gentrack Group (ASX:GTK, NZE:GTK) was down nearly 3% in recent trade.

^NZ50ASX:A2MASX:GTKNZE:ATMNZE:GTK
New Zealand's Manufacturing Sector Fights On Despite Contraction
US Markets

New Zealand's Manufacturing Sector Fights On Despite Contraction

New Zealand's manufacturing sector is seeing the impact of weakening customer demand and higher fuel prices, but remains above the lows seen a few years ago.Four out of five components that make up the BusinessNZ Performance of Manufacturing Index are still in expansion, even though the index crossed contraction territory to 49.9 in May from 50.4 in April and 52.8 in March.A reading over 50 shows that the sector is expanding, but a number below that points to a contraction.Head of Research Stephen Toplis said that the New Zealand economy can gain back momentum by the end of the year, given a possible resolution to the Middle East conflict, leading to a recovery for manufacturers.BusinessNZ flagged the risk of excess inventories as a wide gap was seen between finished goods stocks and new orders, which it said is "bad news" for future production.According to a Wednesday report by Westpac, the manufacturing sector is expected to increase by 2.8% of gross domestic product in the first quarter. It remains one of the biggest contributors to GDP as the impact of the Middle East conflict is yet to flow through into activity.The Reserve Bank of New Zealand on Tuesday reported that manufacturing operating income fell to NZ$35.7 billion in the March quarter, compared with NZ$36.8 billion in the December 2025 quarter.

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International

New Zealand's Manufacturing Sector Contracts in May, Says BusinessNZ

Manufacturing in New Zealand edged lower in May as the sector struggled with weakening customer demand, higher fuel prices and global uncertainty from the Middle East conflict, BuisnessNZ said Friday.According to the BusinessNZ Performance of Manufacturing Index (PMI), the seasonally adjusted PMI scored 49.9 last month, tracking a slight contraction, down from 50.4 in April and 52.8 in March."We believe the sector is likely to go through a flat patch during winter but, Middle East willing, we still think the broader economy can pick up some momentum at the tail end of this year so there is no reason to believe manufacturing will be an exception," said Stephen Toplis, BNZ Head of Research.PMI sub-indexes indicated mixed business activity, with production, employment and new orders largely flat while finished goods stocks and deliveries showed improvement.The firm also noted that small firms were the most impacted, recording a sub-index reading of 46.0, in contrast to large firms, which performed strongly at a reading of 57.6.

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Asia

New Zealand Shares Fall; Ryman Healthcare Allocates NZ$150 Million in Unsubordinated Bonds After Offer Closes

New Zealand shares ended lower on Thursday as Asian markets saw the impact of a lower Wall Street close.The S&P/NZX 50 Index fell 0.39%, or 51.49 points, to close at 13,202.16.On Wednesday, the Nasdaq Composite fell 1.98%, the Dow Jones declined 1.87%, and the S&P 500 was down 1.62%.In domestic news, New Zealand's national asking prices fell 2.5% in May to NZ$833,800 from April, while easing 0.2% year on year, as price expectations dropped and sentiment softened among both buyers and sellers, according to a Trade Me Property survey.Also, New Zealand's Southland and West Coast housing markets dominate the list of the country's strongest performers, while values remain broadly flat at a national level, said Cotality.In corporate news, Ryman Healthcare (ASX:RYM, NZE:RYM) confirmed that its retail offer for six-year, fixed-rate, secured, unsubordinated bonds closed, and NZ$150 million of bonds were allocated to participants involved in the bookbuild process.Westpac Banking (ASX:WBC, NZE:WBC) issued 13 billion yen in tier two subordinated callable instruments maturing in June 2036.

^NZ50ASX:RYMASX:WBCNZE:RYMNZE:WBC
International

New Zealand Housing Sentiment Weakens as Market Trends Diverge

New Zealand's national asking prices fell 2.5% in May to NZ$833,800 from April, while easing 0.2% year on year, as price expectations dropped and sentiment softened among both buyers and sellers, according to a Trade Me Property survey released on Wednesday.Regional performance continued to diverge from the national trend, with parts of the South Island and smaller regional markets showing stronger price resilience, while Auckland and Wellington remained under sustained downward pressure.Expectations for house price growth over the coming year shifted notably, with the share anticipating price increases falling to 29% in May from 46% in March, while those expecting declines nearly tripled, rising to 16% from 6.5%.Despite weaker expectations, buyer intent improved, with over half of respondents still viewing it as a good time to buy, a 6% rise in those planning a purchase within a year, a slightly larger share of first-home buyers, and a 3% drop in investor activity.Seller activity is ticking up modestly even as confidence weakens, with more respondents preparing to list in the coming months but fewer viewing the current moment as a favorable time to sell.Sellers continue to cite pricing as their primary challenge, with "getting the right price" remaining the key concern, highlighting persistent misalignment between buyer and vendor expectations.

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International

New Zealand's Housing Market Remains Subdued, Buyers Shift Towards Affordable Areas, Says Cotality

New Zealand's Southland and West Coast housing markets dominate the list of the country's strongest performers, while values remain broadly flat at a national level, said Cotality in a Wednesday report.The report said Southland and West Coast account for 21 of the top 25 suburbs where house values have risen by at least 10% over the past year, with Lorneville in Invercargill, Wallacetown in Southland District, Ngahere in Grey District, and Te Anau in Southland District all recording annual growth of more than 14%.The national median value of a standalone house fell 0.1% over the quarter to NZ$834,199, remaining 17% below the peak, while the overall median stands at NZ$808,187, the report added.Auckland still dominates the list of suburbs with the highest median values, including around NZ$3 million in Herne Bay, NZ$2.4 million in Saint Marys Bay, and NZ$2.4 million in Parnell. Auckland suburbs feature prominently among the country's weakest performing areas, it added.Cotality NZ chief property economist Kelvin Davidson said buyers remained in control of pricing negotiations after weaker-than-expected sales activity across the first four to five months of the year, with elevated listings and subdued sales volumes likely to remain key features of the market in the months ahead."The next three to six months are likely to bring more of the same patterns we've seen at a suburb level, with affordability remaining a key driver of demand and property values generally tracking sideways at a national level," Davidson added.

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Asia

NZX Midday Sector Update: Communications Soar, Non-Energy Minerals Struggle

Communications shares gained the most on the New Zealand Exchange, rising almost 2% by midday Thursday.Chorus (ASX:CNU, NZE:CNU) rose nealy 2% in recent trade.On the other hand, non-energy minerals shares dropped nearly 2%.Santana Minerals (NZE:SMI, ASX:SMI) drove the decline, with shares dropping 4%.

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Asia

New Zealand Shares Rise; Serko Names Chief Product Officer

New Zealand shares ended higher on Wednesday, while most Asian shares saw a decline as tensions escalated again in the Middle East.The S&P/NZX 50 Index rose 0.38%, or 49.57 points, to close at 13,253.65.Iran's Revolutionary Guards said they had struck a US base in Jordan and 21 other targets across the Gulf on Wednesday in response to American strikes near the Strait of Hormuz, according to a Wednesday Reuters report, citing Iranian media.In domestic news, ANZ and Westpac said that they expect New Zealand's economy grew 1% in the March quarter, according to separate reports by the banks.Also, New Zealand's light and heavy traffic fell in May as higher fuel prices triggered by the Middle East conflict weighed on demand and discouraged driving, ANZ Research said.Further, Westpac said it expects New Zealand's gross domestic product to rise 1% in the March quarter, with seasonal distortions adding about 0.4 percentage points, according to a report by the bank.Meanwhile, New Zealand's agriculture sector is performing "incredibly well" despite developments overseas, as farmgate prices for beef, lamb, mutton, and wool currently stand at or near record levels, ANZ said.In corporate news, Serko (NZE:SKO, ASX:SKO) appointed David Holyoke as chief product officer, effective immediately.Westpac Banking's (ASX:WBC, NZE:WBC) New Zealand division launched its fourth mobile community banking van at Mystery Creek's Fieldays agricultural event to make its services more accessible.

^NZ50ASX:SKOASX:WBCNZE:SKONZE:WBC
International

New Zealand's Agriculture Sector Performing 'Incredibly Well' Despite Global Developments, ANZ Says

New Zealand's agriculture sector is performing "incredibly well" despite developments overseas, as farmgate prices for beef, lamb, mutton, and wool currently stand at or near record levels, ANZ said in a new report.Dairy prices have remained strong for two consecutive seasons, with both the end of the last season and the beginning of the new season looking positive even in the face of robust global milk production. Meanwhile, the wine, forestry, and grains sectors are still struggling to some extent due to oversupply, low prices, and elevated production costs.ANZ warned, however, that the picture remains volatile, with the possibility of conflict reigniting in the Middle East and the US government again advancing a tariff agenda. Additionally, a 'super' El Niño weather pattern is expected to develop in the second half of the year, which will likely have a negative impact on pasture growth."As things stand, the worst of the oil shock seems to be behind us, even though the Strait of Hormuz remains effectively closed," the bank said. "But even if a resolution was to be found soon there will still be slow-rolling shockwaves washing up on rural New Zealand's shores for at least the next year."Higher fuel and fertilizer prices, elevated borrowing costs, and logistical challenges are among the most pressing issues facing the country's agriculture industry, according to the report.

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International

Three NZ Central North Island Regions Post All-Time High New Rental Listings in May

Three of New Zealand's Central North Island regions recorded all-time high new rental listings in May, according to a report by realestate.co.nz released on Wednesday.New listings in Gisborne doubled year on year, rising 102.2% to 91 in May from 45 in the same period last year, while Hawke's Bay recorded a 26.5% increase with 129 new listings.Manawatū-Whanganui's new listings were up 17% year on year to 399.Meanwhile, Otago recorded 48.9% year-on-year decline in new rental listings, falling to 156 from 305. The region's stock also declined by almost 46.7% in May 2025 to 192 total rental listings.Additionally, Southland's new listings declined by almost 23.7%, although its stock levels increased 6.7% compared to the same time last year.In Wellington, total rental stock fell nearly 24.8% year on year in May to 845 properties from 1,123, and new listings declined 12.1% over the same period to 567 from 645.

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Asia

NZX Midday Sector Update: Consumer Durables Sector Soars, Distribution Services Sector Struggles

Consumer durables shares gained the most on New Zealand's Exchange, rising past 9% on Wednesday.Shares of KMD Brands (NZE:KMD, ASX:KMD) rose past 9% in recent trade.Meanwhile, shares of the distribution services sector fell past 5%.Shares of Vulcan Energy (NZE:VSL, ASX:VSL) were nearly 7% lower in recent trade.

^NZ50ASX:KMDASX:VSLNZE:KMDNZE:VSL
International

Westpac Expects New Zealand GDP to Rise 1% in the March Quarter

Westpac said it expects New Zealand's gross domestic product to rise 1% in the March quarter, with seasonal distortions adding about 0.4 percentage points, according to a Wednesday report by the bank.Manufacturing, household spending, and tourism were the standout contributors to growth in the quarter, the bank said, adding that the Iran conflict had yet to visibly weigh on activity, with any impact more likely to emerge in the June quarter.Westpac said it is unclear if the Reserve Bank of New Zealand's policy committee will really be affected by the GDP figures, even if it is the only major data to come before their July 8 decision.Westpac said its estimate aligns with the Reserve Bank of New Zealand's forecast in its May Monetary Policy Statement.

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International

ANZ Raises Q1 GDP Growth Forecast for New Zealand

New Zealand's economy is now expected to grow 1% sequentially in the first quarter, ANZ said in a Wednesday report as it raised its 0.9% preliminary growth forecast.The quarterly gross domestic product figures are due for release on June 18. If the growth is in line with ANZ's forecast, it will boost the prospects for an interest rate hike in July, the bank said.It appears that the economy was gaining momentum before fuel prices surged due to the Middle East conflict. While data suggests the momentum has slowed since the first quarter, it looks "more like a stall than an abrupt contraction at this stage," the bank said."Industries exposed to tourism, agriculture, and discretionary spending are likely to show the most growth, though construction likely went backwards, based on the work put in place data," ANZ said.The bank expects New Zealand's annual current account deficit to be unchanged at 3.7% of GDP.

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International

New Zealand Light, Heavy Traffic Decline in May, Says ANZ

New Zealand's light and heavy traffic fell in May as higher fuel prices triggered by the Middle East conflict weighed on demand and discouraged driving, ANZ Research said Wednesday.According to the ANZ's NZ Truckometer data, the light traffic index, a measure of movement in motorbikes, cars and vans declined by 0.2% last month, but was still up 0.4% year on year, reflecting reduced demand and a loss of economic momentum.While heavy traffic data, which tracks mostly trucks and buses, fell 1.3% in May but was up 1.9% year on year, signaling softening production even as the overall trend remains upward.

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