NZX 50 Hits 2-Week High on Healthcare Boost
2026-05-25 22:50
By
Chusnul Chotimah
1 min. read
The NZX 50 rose 191 points, or 1.5%, to 13,161 in Tuesday morning trade, halting losses from the previous session and hitting its highest level since May 11, mainly boosted by healthcare stocks, energy, and real estate.
Healthcare stocks jumped 5.6%, with Fisher & Paykel Healthcare, a heavyweight stock, surging 9.9% after posting a 24% increase in net profit for the 12 months ended March.
Meanwhile, Ryman Healthcare soared 3.7%.
Easing oil prices, buoyed by optimism over US-Iran talks to end the war, also lifted sentiment after US President Donald Trump said the talks were proceeding nicely.
However, traders remained cautious ahead of the Reserve Bank of New Zealand’s monetary policy decision on Wednesday, with markets expecting the central bank to keep interest rates unchanged while anticipating the release of the government’s 2026 budget.
Other early gainers included Chorus Limited (1.3%), Contact Energy (1.0%), Ebos Group (0.8%), and A2 Milk Company (0.7%).