New Zealand Stocks Set to Close Week on Low Note

2026-05-14 22:58 By Chusnul Chotimah 1 min. read

The NZX 50 fell 26 points, or 0.2%, to 13,999 in Thursday morning trade, declining for the fourth consecutive session and marking its lowest level since April 30, mainly driven by losses in the financials, communication services, and industrial sectors.

Traders were cautious after fresh data showed New Zealand's manufacturing sector grew at its slowest pace in seven months.

Investor sentiment was further subdued ahead of the release of a slew of New Zealand economic data, including retail sales and private sector PMI, next week.

Caution was also built ahead of a series of economic releases from China and the PBOC interest rate decision next week.

However, a rally on Wall Street overnight capped the decline, buoyed by strength in AI-related companies and optimism over the US-China summit.

Among the biggest laggards were Third Age Health Services (-1.6%), AFT Pharmaceuticals (-1.1%), Infratil (-1.0%), and Fletcher Building (-0.7%).

For the week, the index is heading for a 1.3% decline.



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New Zealand Stocks Set to Close Week on Low Note
The NZX 50 fell 26 points, or 0.2%, to 13,999 in Thursday morning trade, declining for the fourth consecutive session and marking its lowest level since April 30, mainly driven by losses in the financials, communication services, and industrial sectors. Traders were cautious after fresh data showed New Zealand's manufacturing sector grew at its slowest pace in seven months. Investor sentiment was further subdued ahead of the release of a slew of New Zealand economic data, including retail sales and private sector PMI, next week. Caution was also built ahead of a series of economic releases from China and the PBOC interest rate decision next week. However, a rally on Wall Street overnight capped the decline, buoyed by strength in AI-related companies and optimism over the US-China summit. Among the biggest laggards were Third Age Health Services (-1.6%), AFT Pharmaceuticals (-1.1%), Infratil (-1.0%), and Fletcher Building (-0.7%). For the week, the index is heading for a 1.3% decline.
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NZX 50 Falls for 3rd Day, Down 0.3% at Close
The NZX 50 fell 38 points, or 0.3%, to close at 13,025 on Thursday, retreating for the third consecutive session and marking its lowest level since May 4, mainly driven by losses in the energy, consumer staples, and healthcare sectors. Wednesday's RBNZ quarterly survey, which highlighted expectations of higher inflation, interest rates, and unemployment, along with weaker growth for the coming year, continued to pressure sentiment. Investor sentiment was further subdued ahead of the release of New Zealand’s food inflation data and manufacturing PMI scheduled for Friday. Markets are also monitoring the summit between US President Trump and Chinese President Xi Jinping, which begins today, amid hopes of easing trade tensions. Air New Zealand slumped 5.8% after the firm warned of its biggest loss in four years due to higher fuel costs amid the Middle East crisis. Other major losers included A2 Milk (-3.7%), Mainfreight (-2.3%), and Turners Automotive Group (-2.3%).
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The NZX 50 fell by 0.3% to 13,020 on Thursday morning, marking its lowest level since April 30, declining for the third consecutive session, mainly driven by losses in energy, utilities, and industrials. Traders turned cautious following the RBNZ quarterly survey, which highlighted expectations of higher inflation, interest rates, and unemployment, along with weaker growth for the upcoming year. Investor sentiment was further subdued ahead of the release of New Zealand's food inflation data and manufacturing PMI scheduled for Friday. Global markets are also keeping a close eye on a potential meeting between US President Trump and Chinese President Xi Jinping later this week. Air New Zealand plunged 3.5% after the firm warned of its biggest loss in four years due to higher fuel costs amid the Middle East crisis. Other early losers included AFC Pharmaceuticals (-2.5%), Contact Energy (-1.0%), Chorus (-0.5%), and Hallenstein Glasson (-0.5%).
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