New Zealand Equities Inch Lower

2026-02-10 23:01 By Farida Husna 1 min. read

New Zealand stocks edged down 17 points, or 0.2%, to 13,487 in early Wednesday trade, reversing prior gains as Wall Street closed mostly lower Tuesday amid weak U.S.

retail sales data and vigilance ahead of a key labour market report.

Sentiment was also cautious ahead of CPI and PPI releases later today in top trading partner China, with annual inflation expected to ease from December’s near three-year high of 0.8% to 0.4%, while producer prices are projected to remain in their longest contraction in over three years.

Locally, December visitor arrivals and January PMI readings are due in the coming days, followed by January food inflation and the Reserve Bank’s first policy meeting of 2026 next week.

Sector losses were led by healthcare, non-energy minerals, and producer manufacturing, partly offset by gains in consumer durables and energy minerals.

Notable laggards included Serko Ltd. (-3.6%), Freightways Group (-2.3%), Tourism Holdings (-2.0%), and Fisher & Paykel Healthcare (-1.7%).



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