New Zealand Shares Trade Lower

2026-03-11 23:06 By Farida Husna 1 min. read

New Zealand stocks fell 70 points, or 0.5%, to 13,223 in Thursday morning trade, reversing gains from the previous session after Wall Street closed mostly lower overnight.

Sentiment weakened as the Iran conflict continued with no clear end in sight, while U.S.

inflation data offered little reassurance to investors.

Domestically, manufacturing sales dropped 0.7% yoy in Q4 2025, swinging from a 0.9% increase in Q3 and highlighting softer momentum toward the end of last year.

Investors also remained cautious ahead of key data releases next week, including February food inflation figures and Q4 GDP.

In top trading partner China, a lower 2026 GDP target and resilient exports may delay fresh stimulus.

Sector losses were led by energy minerals, consumer services, and healthcare, though falls were capped by gains in consumer durables and retail trade.

Notable laggards included Sky Network TV (-3.2%), Meridian Energy Ltd. (-1.8%), Tourism Holdings (-1.7%), and Property for Industry (-1.3%).



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