New Zealand Shares Extend Losses

2026-06-03 23:00 By Chusnul Chotimah 1 min. read

The NZX 50 dropped 47 points, or 0.4%, to 13,068 in Thursday morning deals, extending losses from the previous session, marking its lowest level since May 25 and tracking a fall on Wall Street overnight amid renewed escalation of the Middle East war.

Traders also assessed the possibility that New Zealand faces a new 12.5% tariff from the US, after the US Trade Representative said 54 economies, including New Zealand, have failed to impose and effectively enforce a prohibition on goods produced with forced labour.

Wednesday's economic data also continued to weigh on sentiment, as New Zealand's merchandise terms of trade fell more than expected in the first quarter of 2026.

Energy, consumer staples, and healthcare stocks mainly weighed down the index, with notable losses from Ryman Healthcare (-1.8%), ANZ Group (-0.7%), Contact Energy (-0.7%), A2 Milk (-0.6%), Auckland International Airport (-0.4%), and Ebos Group (-0.4%).



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New Zealand Shares Extend Losses
The NZX 50 dropped 47 points, or 0.4%, to 13,068 in Thursday morning deals, extending losses from the previous session, marking its lowest level since May 25 and tracking a fall on Wall Street overnight amid renewed escalation of the Middle East war. Traders also assessed the possibility that New Zealand faces a new 12.5% tariff from the US, after the US Trade Representative said 54 economies, including New Zealand, have failed to impose and effectively enforce a prohibition on goods produced with forced labour. Wednesday's economic data also continued to weigh on sentiment, as New Zealand's merchandise terms of trade fell more than expected in the first quarter of 2026. Energy, consumer staples, and healthcare stocks mainly weighed down the index, with notable losses from Ryman Healthcare (-1.8%), ANZ Group (-0.7%), Contact Energy (-0.7%), A2 Milk (-0.6%), Auckland International Airport (-0.4%), and Ebos Group (-0.4%).
2026-06-03
NZX 50 Reverses Morning Gains, Closes Down 0.4%
The NZX 50 fell 56 points, or 0.4%, to close at 13,115 on Wednesday, reversing morning gains and extending losses from the previous session, mainly weighed down by materials, industrials, and consumer staples stocks. Traders remained cautious amid uncertainty surrounding the US-Iran peace talks. Disappointing economic data also pressured sentiment, with New Zealand's merchandise terms of trade declining more than expected in the first quarter of 2026, indicating reduced purchasing power for New Zealand exporters and importers despite rising export and import volumes. However, losses were capped by stronger building consents data, as new dwelling consents rebounded 10.9% in April. Among the biggest laggards were Mainfreight (-3.5%), Ebos Group (-2.5%), and Ventia Services Group (-1.7%), while Sky Network Television and Turners Automotive each fell 1.6%.
2026-06-03
NZX 50 Edges Up in Morning Trade
The NZX 50 climbed 31 points, or 0.2%, to 13,201 in Wednesday morning trade, halting losses from the previous session and tracking gains on Wall Street overnight, supported by persistent optimism over AI. Consumer staples, communication services, and energy stocks were the main drivers of the index. However, losses in the utilities sector capped the gains. Traders also monitored developments in the US-Iran peace talks aimed at ending the war. On the data front, New Zealand's building consents for new dwellings rebounded in April, surging 10.9%, while the merchandise terms of trade fell 2.0% quarter-on-quarter in the first quarter of 2026, worse than market expectations of a 1.2% decline. Among the early gainers were A2 Milk (1.9%), Sky Network Television (1.3%), Scales Corporation (1.2%), Chorus (0.8%), and F&C Investment (0.8%).
2026-06-02