NZX 50 Ends 0.5% Higher on Earnings Results Boost

New Zealand's stocks rose 63 points, or 0.5%, to close at 13,930 on Wednesday, marking their highest level since August 6 and extending gains from the previous session, mainly buoyed by gains in healthcare and communication services. Positive earnings results from some companies lifted sentiment, while investors braced for further releases. However, a downbeat session on Wall Street overnight, due to a selloff in chipmaker-related stocks, rising Treasury yields, and higher oil prices, capped gains. On the data front, New Zealand's input and output prices rose 2.9% and 1.6%, respectively, quarter-on-quarter in Q2, marking the fastest increases since Q1 2025. EBOS Group surged 8.0% after reporting a 4.7% rise in net profit for the full year ended June 30, 2026, while Fletcher Building jumped 6.2% after the company recorded a profit following a loss in the previous quarter. Meanwhile, Spark NZ rose 3.3% ahead of the release of its earnings results on Thursday.

New Zealand's stocks rose 33 points, or 0.2%, to 13,899 in Wednesday morning deals, extending gains from the previous session, mainly buoyed by gains in healthcare, real estate, and industrials. Optimism over earnings results continued to lift sentiment, with EBOS Group, Fletcher Building, and Spark New Zealand set to release their earnings reports later today. However, a downbeat session on Wall Street overnight, due to a selloff in chipmaker-related stocks, rising Treasury yields, and higher oil prices, capped gains. On the data front, New Zealand's input and output prices rose 2.9% and 1.6%, respectively, quarter-on-quarter in Q2, marking the fastest increases since Q1 2025. EBOS Group surged 4.1% after reporting a 4.7% rise in net profit for FY 2026, while Fletcher Building jumped 4.8% after the company recorded a profit following a loss in the previous quarter. Other early gainers included Gentrack Group (1.3%) and Fisher & Paykel (0.4%).

New Zealand's stocks rose 144 points, or 1.1%, to close at 13,866 on Tuesday, rebounding from losses in the previous session, mainly buoyed by gains in consumer staples, consumer discretionary, and real estate. The broader index moved up from its lowest level since July 21, touched a day earlier amid a plunge in consumer staples. Traders engaged in bargain hunting, with consumer staples rebounding sharply, surging 6.8% after plunging in the previous session. However, a downbeat session on Wall Street overnight due to escalating Middle East tensions and rising Treasury yields capped gains. A2 Milk jumped 10.1%, recovering sharply from a 5.7% plunge on Monday after the company reported a 44% plunge in net profit for the 12 months ended June. Other top movers were Hallenstein Glasson (5.4%), EBOS Group (2.3%), Vulcan Steel (1.8%), and Mainfreight (0.9%). Meanwhile, Mercury NZ rose 2.6% after Mercury Energy posted a jump in operating earnings for the 12 months ended June.