New Zealand Shares Set for Fourth Straight Weekly Decline

2026-03-26 23:12 By Farida Husna 1 min. read

New Zealand stocks fell 76 points, or 0.6%, to 12,914 in Friday morning trade, snapping two sessions of gains after Wall Street slumped Thursday.

Sentiment weakened after U.S.

President Trump said Washington was uncertain about pursuing a peace deal with Iran.

Fed Governor Lisa Cook said Thursday the war in Iran has tilted the central bank’s dual-mandate risks toward inflation.

Locally, consumer confidence hit a 17-month low in March, due to concerns over Middle East tensions.

Investors also turned cautious ahead of China’s January–March industrial profits release later today and PMI data next week.

Most sectors retreated, led by consumer durables, non-durables, non-energy minerals, and financials.

Fonterra Co-op sank 5.3%, followed by Tourism Holdings (-2.3%), Freightways (-2.2%), and Auckland Intl.

Airport (-1.6%).

In contrast, PGG Wrightson (1.8%), Seeka Ltd. (1.4%), and T&G Global (1.2%) logged gains.

Weekly, the NZX 50 is tracking a fourth straight decline, down about 0.6% so far.



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New Zealand Shares Set for Fourth Straight Weekly Decline
New Zealand stocks fell 76 points, or 0.6%, to 12,914 in Friday morning trade, snapping two sessions of gains after Wall Street slumped Thursday. Sentiment weakened after U.S. President Trump said Washington was uncertain about pursuing a peace deal with Iran. Fed Governor Lisa Cook said Thursday the war in Iran has tilted the central bank’s dual-mandate risks toward inflation. Locally, consumer confidence hit a 17-month low in March, due to concerns over Middle East tensions. Investors also turned cautious ahead of China’s January–March industrial profits release later today and PMI data next week. Most sectors retreated, led by consumer durables, non-durables, non-energy minerals, and financials. Fonterra Co-op sank 5.3%, followed by Tourism Holdings (-2.3%), Freightways (-2.2%), and Auckland Intl. Airport (-1.6%). In contrast, PGG Wrightson (1.8%), Seeka Ltd. (1.4%), and T&G Global (1.2%) logged gains. Weekly, the NZX 50 is tracking a fourth straight decline, down about 0.6% so far.
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