NZX 50 Closes 0.3% Lower Ahead of GDP Data, Fed Decision

2026-06-17 05:39 By Chusnul Chotimah 1 min. read

The NZX 50 fell 33 points, or 0.3%, to close at 13,393 on Wednesday, erasing gains from the previous session, as traders remained cautious ahead of New Zealand's Q1 GDP data and the Fed's monetary policy decision.

Fresh data also pressured sentiment, as New Zealand's consumer confidence fell to its lowest level since 2023 in Q2, weighed by rising fuel and other living costs, while the Q1 current account gap widened from the same period a year earlier.

The broader index declined from its highest level since March 6, reached a day earlier, tracking a fall in Wall Street's Nasdaq and S&P 500 indexes overnight amid a pullback in AI-related stocks.

Technology stocks, materials, utilities, financials, and communication services mainly weighed on the index, with notable losses from Delegat Group (-2.6%), Hallenstein Glasson (-2.5%), and Mainfreight (-2.0%), while Ebos Group, Infratil, and Summerset Group each fell 1.3%, and ANZ Group declined 0.9%.



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NZX 50 Closes 0.3% Lower Ahead of GDP Data, Fed Decision
The NZX 50 fell 33 points, or 0.3%, to close at 13,393 on Wednesday, erasing gains from the previous session, as traders remained cautious ahead of New Zealand's Q1 GDP data and the Fed's monetary policy decision. Fresh data also pressured sentiment, as New Zealand's consumer confidence fell to its lowest level since 2023 in Q2, weighed by rising fuel and other living costs, while the Q1 current account gap widened from the same period a year earlier. The broader index declined from its highest level since March 6, reached a day earlier, tracking a fall in Wall Street's Nasdaq and S&P 500 indexes overnight amid a pullback in AI-related stocks. Technology stocks, materials, utilities, financials, and communication services mainly weighed on the index, with notable losses from Delegat Group (-2.6%), Hallenstein Glasson (-2.5%), and Mainfreight (-2.0%), while Ebos Group, Infratil, and Summerset Group each fell 1.3%, and ANZ Group declined 0.9%.
2026-06-17
NZX 50 Trades Lower in Morning Deals
The NZX 50 dropped 55 points, or 0.4%, to 13,372 in Wednesday morning deals, erasing gains from the previous session, mainly weighed down by the materials, financials, communication services, and healthcare sectors. The broader index declined from its highest level since March 6, which it touched a day earlier, tracking a fall in Wall Street's Nasdaq and S&P 500 indexes amid a pullback in AI-related stocks. Fresh data pressured sentiment, as New Zealand's consumer confidence fell to its lowest level since 2023 in Q2, weighed by rising fuel and other living costs, while the Q1 current account gap widened from the same period a year earlier. Traders also anticipated this week's release of New Zealand's Q1 GDP data and the Fed's monetary policy decision. Among early losers were Fisher & Paykel (-0.9%), Briscoe Group (-0.9%), Ebos Group (-0.7%), Henderson Far East Income (-0.6%), Infratil (-0.5%), and Contact Energy (-0.4%).
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NZX Hits Over 3-Month High, Ends 0.5% Higher
The NZX 50 rose 66 points, or 0.5%, to close at 13,426 on Tuesday, halting losses from the previous session, mainly buoyed by gains in the utilities, energy, technology, and consumer discretionary sectors. The broader index hit its highest level since March 6, tracking a rally on Wall Street overnight as concerns over inflation eased due to lower oil prices following a peace deal between the US and Iran. However, fresh data limited the gains, as New Zealand's food inflation accelerated to 3.2% in May. Traders also anticipated this week's release of New Zealand's Q1 GDP data and the Fed's monetary policy decision. Delegat Group jumped 14.3% after the company revised its full-year earnings forecast upward. Other top performers were Henderson Far East Income (3.7%), Skellerup Holdings (3.1%), Fletcher Building (1.3%), Fisher & Paykel Healthcare (1.2%), Infratil (0.7%), and ANZ Group (0.6%).
2026-06-16