NZX 50 Extends Gains, Hits New High

2026-07-06 22:53 By Chusnul Chotimah 1 min. read

The NZX 50 rose 13 points, or 0.1%, to 13,776 in Tuesday morning trade, marking the third consecutive session of gains and hitting a fresh record high, tracking a rally on Wall Street overnight buoyed by strong gains in semiconductor stocks.

Easing oil prices continued to lift sentiment as inflation concerns subsided, reducing expectations of an interest rate hike.

The rally was also supported by easing concerns about a Fed rate hike following the release of the jobs data last week, while traders anticipated the release of the Fed's meeting minutes due later this week.

Traders shrugged off expectations of an interest rate hike by the RBNZ at its meeting on Wednesday, with the market expecting the central bank to raise its policy rate by 25 bps to 2.5%.

Consumer staples, financials, and healthcare mainly drove the index, with notable gains from A2 Milk (2.7%), after the company raised its annual profit outlook, AFT Pharmaceuticals (2.4%), Scales Corp.

(0.8%), and Summerset Group (0.6%).



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NZX 50 Extends Gains, Hits New High
The NZX 50 rose 13 points, or 0.1%, to 13,776 in Tuesday morning trade, marking the third consecutive session of gains and hitting a fresh record high, tracking a rally on Wall Street overnight buoyed by strong gains in semiconductor stocks. Easing oil prices continued to lift sentiment as inflation concerns subsided, reducing expectations of an interest rate hike. The rally was also supported by easing concerns about a Fed rate hike following the release of the jobs data last week, while traders anticipated the release of the Fed's meeting minutes due later this week. Traders shrugged off expectations of an interest rate hike by the RBNZ at its meeting on Wednesday, with the market expecting the central bank to raise its policy rate by 25 bps to 2.5%. Consumer staples, financials, and healthcare mainly drove the index, with notable gains from A2 Milk (2.7%), after the company raised its annual profit outlook, AFT Pharmaceuticals (2.4%), Scales Corp. (0.8%), and Summerset Group (0.6%).
2026-07-06
NZX Hits Record High at Close
The NZX 50 climbed 145 points, or 1.1%, to close at 13,763 on Monday, extending gains from the previous session and hitting a record high, mainly buoyed by gains in the consumer staples, financials, and tech sectors. The broader index tracked a rise in US futures as Wall Street looked to extend its rally after the Dow Jones posted a record-setting week. Easing oil prices also fueled sentiment as inflation concerns subsided, reducing expectations of an interest rate hike. The rally was also supported by easing concerns about a Fed rate hike following the release of the jobs data last week, while traders anticipated the release of the Fed's meeting minutes due this week. However, traders remained cautious ahead of the RBNZ's monetary policy decision on Wednesday, with the market expecting the RBNZ to raise its policy rate by 25 bps to 2.5%. A2 Milk gained 2.8%, Ebos Group climbed 2.4%, and Infratil rose 2.0%, following a surge in the independent valuation of its data centre asset.
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Stocks in New Zealand Hit All-time High
NZX 50 increased to an all-time high of 13763.00 Index Points. Over the past 4 weeks, NZX 50 INDEX GROSS gained 5.56%, and in the last 12 months, it increased 7.82%.
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