NZX 50 Snaps Losing Streak, Surges 1.5% at Finish

2026-03-11 04:40 By Farida Husna 1 min. read

The NZX 50 jumped 199 points, or 1.5%, to close at 13,293 on Wednesday, halting a three-session losing streak as gains spread across most sectors, led by consumer durables, non-energy minerals, financials, and transport.

Sentiment improved amid stronger U.S.

futures ahead of key inflation data later in the day.

Relief also followed a report from the Wall Street Journal that the International Energy Agency had proposed its largest-ever release of emergency oil reserves to help cool prices that recently spiked amid the U.S.–Israel conflict with Iran.

However, strength was capped by caution ahead of a series of domestic indicators due later this week, including Q4 manufacturing sales and January visitor arrivals.

Focus will then turn to next week’s releases of food inflation, Q4 GDP, and trade data, which could offer clearer signals on the strength of the economy.

Among notable performers were Serko Ltd. (5.6%), Meridian Energy (3.0%), Scales Corp.

(2.8%), and Fletcher Building (2.7%).



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