New Zealand Shares Notch Another Record Peak

2025-10-08 23:06 By Farida Husna 1 min. read

New Zealand stocks added 48 points, or 0.3%, to a fresh record high of 13,614 in Thursday’s morning session, extending gains for the third straight day.

Broad-based sector strength led by industrial services, healthcare, and communications fueled the advance.

Investor sentiment was buoyed by the Reserve Bank of New Zealand’s surprise 50bps rate cut and signals of further easing to support the sluggish economy.

Globally, the Nasdaq closed at a record on Wednesday after FOMC minutes revealed most U.S.

Fed officials favor rate cuts this year amid a weakening labor market and easing inflation risks.

In top trading partner China, markets are set to reopen later today after a week-long holiday, potentially adding momentum.

However, upside was capped by lingering global headwinds, including the ongoing U.S.

government shutdown and rising political risks in Europe.

Among notable movers, T&G Global surged 5%, along with Ryman Healthcare (3.9%), Spark NZ (2.3%), and PGG Wrightson (1.7%).



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