NZX 50 Trades Lower in Morning Trading

2026-04-29 22:53 By Chusnul Chotimah 1 min. read

The NZX 50 fell 19 points, or 0.2%, to 2,751 in Thursday morning trading, after edging up in the previous session, marking its lowest level since March 30, mainly driven by losses in financials, utilities, and communication services.

Traders were cautious following the Fed's decision to hold interest rates steady.

Investors continued to assess the statement from RBNZ Governor Anna Breman on Wednesday that the central bank remained focused on balancing inflation control while supporting economic growth.

Traders also awaited the release of New Zealand's business confidence data for April, after it posted the weakest reading since July 2024 in March, as well as China's PMI later today to help guide the outlook for New Zealand's top trading partner.

However, a rise in US futures on strong big tech earnings helped cap the decline.

Among early losers were Freightways (-1.4%), Mainfreight (-0.9%), Infratil (-0.8%), Delegat Group (-0.5%), and Hallenstein Glasson (-0.5%).



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NZX 50 Trades Lower in Morning Trading
The NZX 50 fell 19 points, or 0.2%, to 2,751 in Thursday morning trading, after edging up in the previous session, marking its lowest level since March 30, mainly driven by losses in financials, utilities, and communication services. Traders were cautious following the Fed's decision to hold interest rates steady. Investors continued to assess the statement from RBNZ Governor Anna Breman on Wednesday that the central bank remained focused on balancing inflation control while supporting economic growth. Traders also awaited the release of New Zealand's business confidence data for April, after it posted the weakest reading since July 2024 in March, as well as China's PMI later today to help guide the outlook for New Zealand's top trading partner. However, a rise in US futures on strong big tech earnings helped cap the decline. Among early losers were Freightways (-1.4%), Mainfreight (-0.9%), Infratil (-0.8%), Delegat Group (-0.5%), and Hallenstein Glasson (-0.5%).
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