New Zealand Stocks Extend Losses

2026-05-10 22:53 By Chusnul Chotimah 1 min. read

The NZX 50 dropped 42 points, or 0.3%, to 13,133 in Monday morning trading, down for the second straight session, tracking a fall in US futures amid escalating US-Iran tensions.

Traders were also cautious as they awaited consumer and producer price data from China, New Zealand's top trading partner, later today amid continued weak demand in the mainland.

Caution also grew as traders anticipated US inflation data on Tuesday amid rising fuel prices, which could help guide the Fed's monetary policy decision at its upcoming meeting.

Domestically, traders are also anticipating New Zealand's food inflation data and manufacturing PMI, both due this week.

The broader index declined after posting a second weekly gain in the prior week, mainly weighed down by energy, communication services, and industrials.

Among the biggest laggards were Hallenstein Glasson Holdings (-1.3%), Colonial Motor Company (-0.7%), Briscoe Group (-0.6%), ANZ Group (-0.5%), and Australian Foundation Investment (-0.5%).



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New Zealand Stocks Extend Losses
The NZX 50 dropped 42 points, or 0.3%, to 13,133 in Monday morning trading, down for the second straight session, tracking a fall in US futures amid escalating US-Iran tensions. Traders were also cautious as they awaited consumer and producer price data from China, New Zealand's top trading partner, later today amid continued weak demand in the mainland. Caution also grew as traders anticipated US inflation data on Tuesday amid rising fuel prices, which could help guide the Fed's monetary policy decision at its upcoming meeting. Domestically, traders are also anticipating New Zealand's food inflation data and manufacturing PMI, both due this week. The broader index declined after posting a second weekly gain in the prior week, mainly weighed down by energy, communication services, and industrials. Among the biggest laggards were Hallenstein Glasson Holdings (-1.3%), Colonial Motor Company (-0.7%), Briscoe Group (-0.6%), ANZ Group (-0.5%), and Australian Foundation Investment (-0.5%).
2026-05-10
NZX 50 Ends 0.7% Lower but Posts 2nd Weekly Gain
The NZX 50 fell 95 points, or 0.7%, to close at 13,175 on Friday, erasing gains from the previous two sessions as fighting between the US and Iran flared, dampening hopes for an end to the conflict. The broader index retreated from its highest level since April 9, reached a day earlier, tracking a downbeat session on Wall Street overnight, with most sectors trading in the red, led by consumer staples. Caution was also built as investors anticipated the release of US jobs data later today, trade data from China scheduled for this weekend, and Chinese inflation data due next week to guide the economic outlook for both countries. Domestically, traders also await New Zealand's food inflation and manufacturing PMI data due next week. Among the worst performers were Westpac Banking Corp. (-4.3%), Ventia Services Group (-2.5%), A2 Milk (-2.2%), Port of Tauranga (-1.8%), and ANZ Group (-1.5%). For the week, the index rose 1.7%, marking a second consecutive weekly gain.
2026-05-08
New Zealand Stocks Slip but Head for 2nd Weekly Gain
The NZX 50 dropped 62 points, or 0.5%, to 13,208 in Friday morning trading, halting gains from the previous two sessions and tracking a downbeat session on Wall Street overnight as traders awaited Iran's response to the latest US peace proposal. The broader index retreated from its highest level since April 9, reached a day earlier, amid renewed Middle East tensions, with almost all sectors trading in the red, led by energy. Caution was also built as investors anticipated the release of US jobs data later today, trade data from China scheduled for this weekend, and Chinese inflation data due next week to guide the economic outlook for both countries. Domestically, traders also await New Zealand's food inflation and manufacturing PMI data due next week. Among the biggest laggards were A2 Milk (-1.8%), Infratil (-1.7%), Briscoe Group (-0.9%), Fisher & Paykel (-0.4%), and Mainfreight (-0.4%). For the week, the index is heading for a 1.3% rise, marking a second consecutive weekly gain.
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