NZX 50 Rises Ahead of RBNZ Decision

2026-05-26 23:10 By Joshua Ferrer 1 min. read

The NZX 50 rose 50 points, or 0.4% to 13,100 on Wednesday morning trade, extending gains from the previous session to hit a fresh two-week high, mainly supported by advances in healthcare, financial, and real estate stocks.

In the healthcare sector, heavyweight Fisher & Paykel Healthcare extended gains, up over 1% to a one-month high, after reporting higher annual net profit.

Infratil, an infrastructure investment company, also climbed 0.9% after posting a net surplus for the fiscal year, compared to a loss a year earlier.

Additionally, real estate developers traded in the green, including Kiwi Property (+0.5%), Argosy Property (+1.5%), and Stride Property Group (+0.9%).

Investors now await the monetary policy decision from the RBNZ later today, which is widely expected to keep rates unchanged, as well as the release of the government's 2026 budget.

Elsewhere, optimism for a US-Iran peace deal, despite military strikes in the Persian Gulf, continued to support global risk sentiment.



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NZX 50 Rises Ahead of RBNZ Decision
The NZX 50 rose 50 points, or 0.4% to 13,100 on Wednesday morning trade, extending gains from the previous session to hit a fresh two-week high, mainly supported by advances in healthcare, financial, and real estate stocks. In the healthcare sector, heavyweight Fisher & Paykel Healthcare extended gains, up over 1% to a one-month high, after reporting higher annual net profit. Infratil, an infrastructure investment company, also climbed 0.9% after posting a net surplus for the fiscal year, compared to a loss a year earlier. Additionally, real estate developers traded in the green, including Kiwi Property (+0.5%), Argosy Property (+1.5%), and Stride Property Group (+0.9%). Investors now await the monetary policy decision from the RBNZ later today, which is widely expected to keep rates unchanged, as well as the release of the government's 2026 budget. Elsewhere, optimism for a US-Iran peace deal, despite military strikes in the Persian Gulf, continued to support global risk sentiment.
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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%).
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