NZX50 Persists at Four-Month Low

2026-02-16 05:45 By Jereli Escobar 1 min. read

The S&P/NZX 50 fell 0.6% to close at 13,118 on Monday, marking its second straight session of losses and continuing to trade at four-month lows, as markets remained cautious amid Asian holiday closures.

Most sectors traded in the red including index heavyweights financials, utilities, and health services.

Local data released over the weekend added to the risk-off tone, with the services PMI eased in January, signaling softer activity in the sector, while credit card spending declined month-on-month, pointing to cooling consumer momentum, although it still registered modest year-on-year growth.

Traders kept risk exposure limited ahead of January’s local food inflation data, due Tuesday, and the RBNZ’s interest rate decision on Wednesday.

Among the laggards were Ryman Healthcare (-5.4%), Meridian Energy (-3.1%), Infratil (-2.5%), and Mercury NZ (-1.4%).



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