New Zealand Stocks Set to Close Week on Low Note

2025-11-13 22:57 By Chusnul Chotimah 1 min. read

The NZX 50 dropped 29 points, or 0.2%, to 13,570 in morning trade on Friday, extending losses from the previous session.

The decline tracked a fall on Wall Street overnight, weighed down by a broad sell-off in AI-linked stocks amid fading expectations of Fed interest rate cuts at the December meeting.

Almost all sectors traded in the red, led by technology, healthcare, and utilities.

Traders also awaited a slew of economic data from New Zealand’s top trading partner, China, later today to gauge the mainland’s economic prospects.

However, hopes of a 25bps rate cut by the RBNZ this month capped the losses.

Fresh domestic data also prevented a steeper decline in the broader index, as the Business Performance Index rose to a three-month high.

Among early losers were Gentrack Group (-2.6%), Mainfreight (-2.2%), Ryman Healthcare (-1.7%), and Briscoe Group (-0.9%).

For the week, the index is heading for a 0.2% fall, which would mark the first weekly decline in four weeks.



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