NZX 50 Ends Higher for First Time in 4 Sessions

2026-03-05 04:12 By Farida Husna 1 min. read

The NZX 50 rose 87 points, or 0.6%, to close at 13,618 on Thursday, its first gain in four sessions as broad sector strength lifted the market, led by non-energy minerals, energy minerals, and consumer stocks.

Sentiment improved after top trading partner China pledged renewed efforts to stabilize its property sector and optimize housing supply, while unveiling a wide-ranging economic plan despite trimming its 2026 growth target to 4.5%–5%, the first downgrade since 2023.

Optimism was further supported by reports of a free trade agreement between Wellington and New Delhi, extending beyond goods into a comprehensive economic partnership.

Gains were capped, however, by a pullback in U.S.

equity futures following Wall Street’s rally Wednesday on signals that Iran may be open to talks to end the war.

Top performers included Gentrack Group (5.1%), Sky Network Television (3.6%), A2 Milk Co (3.2%), and Fletcher Building (2.6%).



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