NZX 50 Ends 0.9% Higher, Posts Weekly Gain

2026-09-04 05:41 By Chusnul Chotimah 1 min. read

New Zealand stocks rose 128 points, or 0.9%, to close at 13,974 on Friday, halting losses in the previous session, amid signals that the RBNZ will hold interest rates at its October meeting after raising them in July and September.

The RBNZ is more likely to wait until December before raising interest rates again, according to Assistant Governor Karen Silk.

The broader index tracked an upbeat session on Wall Street on Thursday amid easing Treasury yields.

However, traders anticipated US jobless rate data due later today, China’s consumer and producer data, as well as trade figures for August due next week.

Consumer discretionary, tech, financials, real estate, and healthcare mainly drove the index, with top movers including Hallenstein Glasson (6.3%), Gentrack Group (3.8%), Mainfreight (3.9%), Channel Infrastructure (2.3%), Fisher & Paykel (1.2%), Freightways Group (0.9%), and Westpac Banking Corp.

(0.8%).

For the week, the index rose 1.5%, after falling in the previous week.



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