New Zealand Stocks Climb to 3-Week High Ahead of PMI Data

2026-02-11 23:03 By Farida Husna 1 min. read

Shares in New Zealand advanced 71 points, or 0.5%, to 13,578 in Thursday morning trade, rebounding from a muted close as gains in producer manufacturing, financials, and healthcare lifted sentiment.

The benchmark hit a three-week peak, supported by optimism that December’s strong economic momentum will carry into January ahead of upcoming PMI releases.

Focus also turns to next week’s central bank meeting, where cash rates are expected to remain steady, though a hike later in 2026 remains on the table.

However, gains were tempered by Wall Street’s subdued session on Wednesday, as enthusiasm over stronger January U.S.

jobs data faded under pressure in software and rate-sensitive stocks.

Meantime, fresh data from China, New Zealand’s top trading partner, showed consumer inflation in January slowing sharply and factory-gate deflation persisting.

Notable movers included Skellerup Holdings (2.9%), Delegat Group (2.3%), T&G Global (1.9%), and Fisher & Paykel Healthcare (1.4%).



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