NZX 50 Ends 0.9% Higher, Near Record High

2026-08-04 05:49 By Chusnul Chotimah 1 min. read

New Zealand's stocks added 129 points, or 0.9%, to close at 13,903 on Tuesday, extending gains from the previous two sessions, buoyed by gains in the tech, healthcare, materials, and financial sectors.

The broader index closed close to its record high of 13,977, touched on July 29, tracking gains on Wall Street overnight, supported by a rally in technology stocks and easing oil prices amid hopes of US-Iran peace talks.

Further moderating oil prices also supported sentiment, as inflation concerns eased, tempering expectations of an interest rate hike.

However, traders remained cautious ahead of the release of New Zealand's unemployment data on Wednesday, with the market expecting it to edge up to 5.4% in Q2.

Traders also anticipated the release of a slew of US data, including jobs data, for guidance on the US economic outlook.

Among the top gainers were Fisher & Paykel (2.8%), Westpac Banking Corp.

(2.3%), Meridian Energy (2.3%), Infratil (2.0%), Freightways Group (1.1%).



News Stream
NZX 50 Ends 0.9% Higher, Near Record High
New Zealand's stocks added 129 points, or 0.9%, to close at 13,903 on Tuesday, extending gains from the previous two sessions, buoyed by gains in the tech, healthcare, materials, and financial sectors. The broader index closed close to its record high of 13,977, touched on July 29, tracking gains on Wall Street overnight, supported by a rally in technology stocks and easing oil prices amid hopes of US-Iran peace talks. Further moderating oil prices also supported sentiment, as inflation concerns eased, tempering expectations of an interest rate hike. However, traders remained cautious ahead of the release of New Zealand's unemployment data on Wednesday, with the market expecting it to edge up to 5.4% in Q2. Traders also anticipated the release of a slew of US data, including jobs data, for guidance on the US economic outlook. Among the top gainers were Fisher & Paykel (2.8%), Westpac Banking Corp. (2.3%), Meridian Energy (2.3%), Infratil (2.0%), Freightways Group (1.1%).
2026-08-04
NZX 50 Extends Gains, Tracking Wall Street Higher
New Zealand's stocks rose 34 points, or 0.3%, to 13,809 in Tuesday morning deals, extending gains from the previous session, tracking rises on Wall Street overnight, supported by a rally in technology stocks and easing oil prices amid hopes of US-Iran peace talks. Moderating oil prices also supported sentiment, easing inflation concerns and tempering expectations of an interest rate hike. However, traders were cautious ahead of the release of New Zealand's unemployment data on Wednesday, with the market expecting it to edge up to 5.4% in Q2. Traders also anticipated the release of a slew of data from the US, including jobs data for guidance on the US economic outlook. Energy, consumer staples, healthcare, and tech sectors mainly boosted the index, with notable gains from Ebos Group (1.9%), A2 Milk (1.0%), Infratil (1.0%), Channel Infrastructure (0.9%), Fisher & Paykel Healthcare (0.8%), and Venti Services Group (0.6%).
2026-08-03
New Zealand Stocks Close 0.6% Higher
New Zealand's stocks rose 76 points, or 0.6%, to close at 13,775 on Monday, halting losses from the previous session, mainly buoyed by the technology, communication services, and real estate sectors. The broader index tracked gains in US stock futures following an upbeat session on Wall Street on Friday, supported by a rally in technology stocks. Moderating oil prices also supported sentiment, easing inflation concerns and tempering expectations of an interest rate hike. However, traders remained cautious ahead of the release of New Zealand's unemployment data due later this week. Disappointing China's PMI, however, capped gains, with factory activity growing at the slowest pace in four months. On the data front, New Zealand building permits dropped 3.6% in June after an upwardly revised 4.9% fall in May. Among the top movers were Channel Infrastructure (1.5%), Briscoe Group (1.3%), Fisher & Paykel Healthcare (1.1%), Chorus (1.1%), and Freightways Group (1.1%).
2026-08-03