NZX 50 Extends Gains, Hits 4-Week High

2026-05-06 22:50 By Chusnul Chotimah 1 min. read

The NZX 50 rose 84 points, or 0.6%, to 13,229 in Thursday morning trade, extending gains from the previous session and tracking a rally on Wall Street overnight amid hopes of a potential US-Iran end to the war and solid AI stock earnings.

Wednesday's unemployment data continued to lift sentiment, as the jobless rate unexpectedly declined to 5.3% in Q1.

The latest figure was lower than both the previous quarter and market expectations of 5.4%, which had been the highest level since Q2 2015.

The broader index hit its highest level since April 9, mainly supported by the healthcare, tech, and materials sectors.

A statement from RBNZ Governor Anna Breman also continued to fuel sentiment, noting that the country’s financial system is resilient and well-positioned to support households and businesses.

Top performers included Fisher & Paykel (2.1%), Gentrack Group (1.9%), Ebos Group (1.4%), AFT Pharmaceuticals (1.1%), Contact Energy (1.0%), A2 Milk (0.6%), and Westpac Banking Corp.

(0.5%).



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NZX 50 Extends Gains, Hits 4-Week High
The NZX 50 rose 84 points, or 0.6%, to 13,229 in Thursday morning trade, extending gains from the previous session and tracking a rally on Wall Street overnight amid hopes of a potential US-Iran end to the war and solid AI stock earnings. Wednesday's unemployment data continued to lift sentiment, as the jobless rate unexpectedly declined to 5.3% in Q1. The latest figure was lower than both the previous quarter and market expectations of 5.4%, which had been the highest level since Q2 2015. The broader index hit its highest level since April 9, mainly supported by the healthcare, tech, and materials sectors. A statement from RBNZ Governor Anna Breman also continued to fuel sentiment, noting that the country’s financial system is resilient and well-positioned to support households and businesses. Top performers included Fisher & Paykel (2.1%), Gentrack Group (1.9%), Ebos Group (1.4%), AFT Pharmaceuticals (1.1%), Contact Energy (1.0%), A2 Milk (0.6%), and Westpac Banking Corp. (0.5%).
2026-05-06
NZX 50 Ends Near 4-Week High After Jobs Data
The NZX 50 climbed 109 points, or 0.8%, to 13,145 in Wednesday morning trade, halting losses from the previous session after the unemployment rate unexpectedly declined in Q1 2026. The latest data showed New Zealand’s unemployment rate inched down to 5.3% in Q1, lower than both the previous quarter and market expectations of 5.4%, which had been the highest level since Q2 2015. The broader index hit its highest level since April 10, mainly buoyed by financials, materials, and energy stocks. Sentiment was also lifted by a statement from RBNZ Governor Anna Breman in the Financial Stability Report, noting that the country’s financial system is resilient and well-positioned to support households and businesses. The index tracked a rise in US futures following a rally on Wall Street overnight, supported by solid earnings reports and lower energy prices. Among the top movers were Infratil (13.2%), Westpac Banking Corp. (4.4%), Turners Automotive Group (3.6%), and ANZ Group (2.6%).
2026-05-06
NZX 50 Nears 4-Week High After Jobs Data
The NZX 50 climbed 86 points, or 0.7%, to 13,126 in Wednesday morning trade, halting losses from the previous session after the unemployment rate unexpectedly declined in Q1 2026. The latest data showed New Zealand's unemployment rate inched down to 5.3% in Q1, lower than both the previous quarter and market expectations of 5.4%, which had been the highest level since Q2 2015. The broader index hit its highest level since April 10, mainly buoyed by financials and consumer staples. Meanwhile, a statement from RBNZ Governor Anna Breman in the Financial Stability Report, noting that the country's financial system is resilient and well-positioned to support households and businesses, also lifted sentiment. The index tracked Wall Street, which closed in the green overnight, supported by solid earnings reports and lower energy prices. Among the top performers were Infratil (9.0%), A2 Milk (1.4%), Mercury NZ (0.6%), Gentrack Group (0.5%), and ANZ Group (0.4%).
2026-05-05