NZX 50 Falls but Heads for 2nd Weekly Gain

2026-09-24 22:58 By Chusnul Chotimah 1 min. read

The NZX 50 dropped 35 points, or 0.3%, to 13,789 in Friday morning trade, after being flat in the previous session, mainly weighed down by financials, utilities, and healthcare.

Traders were cautious as high oil prices persisted amid ongoing Gulf shipping disruptions.

Recently, RBNZ Governor Anna Breman warned that inflation could be higher if high oil prices persist.

In the US, Wall Street was almost flat due to a surge in Treasury yields and increased expectations for a Fed interest rate hike.

Traders also anticipated the release of China’s PMI data, New Zealand’s top trading partner, as well as the US PCE Index and jobs data due next week, which could provide clues about the Fed’s monetary policy decision at its upcoming meeting.

Among the early losers were Meridian Energy (-1.5%), Westpac Banking Corp.

(-1.2%), Ryman Healthcare (-0.8%), FC Investment (-0.7%), and Infratil (-0.5%).

For the week, the index rose 0.4%, which would mark its second straight weekly gain.



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NZX 50 Falls but Heads for 2nd Weekly Gain
The NZX 50 dropped 35 points, or 0.3%, to 13,789 in Friday morning trade, after being flat in the previous session, mainly weighed down by financials, utilities, and healthcare. Traders were cautious as high oil prices persisted amid ongoing Gulf shipping disruptions. Recently, RBNZ Governor Anna Breman warned that inflation could be higher if high oil prices persist. In the US, Wall Street was almost flat due to a surge in Treasury yields and increased expectations for a Fed interest rate hike. Traders also anticipated the release of China’s PMI data, New Zealand’s top trading partner, as well as the US PCE Index and jobs data due next week, which could provide clues about the Fed’s monetary policy decision at its upcoming meeting. Among the early losers were Meridian Energy (-1.5%), Westpac Banking Corp. (-1.2%), Ryman Healthcare (-0.8%), FC Investment (-0.7%), and Infratil (-0.5%). For the week, the index rose 0.4%, which would mark its second straight weekly gain.
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New Zealand Stocks Finish Nearly Flat
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New Zealand Stocks Trade Slightly Higher
The NZX 50 gained 14 points, or 0.1%, to 13,836 in Thursday morning trade, erasing losses from the previous session, mainly buoyed by financials, consumer staples, and utilities. Optimism over the Trump-Xi summit lifted sentiment as AI and tariffs were expected to be discussed at the meeting. However, higher oil prices capped the gain due to escalating tensions in the Middle East after Iran's president vowed never to surrender. In the US, Wall Street closed in the red as a surge in Treasury yields drove a market sell-off and raised expectations for a Fed interest rate hike. Among early gainers were Briscoe Group (0.9%), Contact Energy (0.9%), Hallenstein Glasson (0.8%), Infratil (0.7%), and EBOS Group (0.6%). Meanwhile, Fonterra Shareholders' Fund rose 1.4% after posting a full-year profit following the sale of its Mainland brands to French dairy giant Lactalis.
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