New Zealand Stocks Extend Falls, Post Weekly Loss

2026-10-02 05:23 By Chusnul Chotimah 1 min. read

The NZX 50 dropped 130 points, or 0.9%, to close at 13,680 on Friday, down for the third straight session, touching its lowest level since September 15, with almost all sectors trading in the red, led by the tech sector.

Persistently high oil prices pressured sentiment, raising concerns over inflation expectations and interest rate hikes, after a report that the US deployed more forces to the Middle East.

Caution also prevailed as traders awaited US jobs data after the closing bell for clues about the Fed's monetary policy decision at its upcoming meeting.

Fresh data also pressured sentiment, as New Zealand's consumer confidence eased in September.

However, an upbeat session on Wall Street overnight capped the fall as the Treasury selloff eased.

Among the biggest laggards were Port of Tauranga (-4.4%), Vulcan Steel (-2.9%), Sanford (-2.9%), EBOS Group (-2.5%), and Mainfreight (-1.3%).

For the week, the index fell 0.9%, marking its first weekly decline in three weeks.



News Stream
New Zealand Stocks Extend Falls, Post Weekly Loss
The NZX 50 dropped 130 points, or 0.9%, to close at 13,680 on Friday, down for the third straight session, touching its lowest level since September 15, with almost all sectors trading in the red, led by the tech sector. Persistently high oil prices pressured sentiment, raising concerns over inflation expectations and interest rate hikes, after a report that the US deployed more forces to the Middle East. Caution also prevailed as traders awaited US jobs data after the closing bell for clues about the Fed's monetary policy decision at its upcoming meeting. Fresh data also pressured sentiment, as New Zealand's consumer confidence eased in September. However, an upbeat session on Wall Street overnight capped the fall as the Treasury selloff eased. Among the biggest laggards were Port of Tauranga (-4.4%), Vulcan Steel (-2.9%), Sanford (-2.9%), EBOS Group (-2.5%), and Mainfreight (-1.3%). For the week, the index fell 0.9%, marking its first weekly decline in three weeks.
2026-10-02
New Zealand Stocks Set for Weekly Fall
The NZX 50 dropped 16 points, or 0.1%, to 13,794 in Friday morning trade, extending losses from the previous session, mainly weighed down by the real estate, communication services, and tech sectors. Rising oil prices pressured sentiment, raising concerns over inflation expectations and interest rate hikes, after a report that the US deployed more forces to the Middle East. Caution also prevailed as traders awaited US jobs data after the closing bell for clues about the Fed's monetary policy decision at its upcoming meeting. However, an upbeat session on Wall Street overnight capped the fall as the Treasury selloff eased. On the data front, New Zealand's consumer confidence edged down in September but remained above its April low. Among early losers were FC Investment (-1.0%), Westpac Banking Corp. (-0.9%), Infratil (-0.9%), and Briscoe Group (-0.7%). For the week, the index is heading for a 0.1% fall, which would be its first weekly decline in three weeks.
2026-10-01
New Zealand Stocks End 0.2% Lower
The NZX 50 shed 24 points, or 0.2%, to close at 13,811 on Thursday, after gaining in the previous session, tracking a decline on Wall Street overnight as a softer-than-expected inflation rate was offset by rising oil prices. Traders continued to monitor the Middle East conflict as high oil prices persist, raising concerns over inflation expectations. High US Treasury yields pressured the broader index to deeper falls. Traders also anticipated US jobs data later this week for clues about the Fed's monetary policy decision at its upcoming meeting. Fresh data limited the fall, as New Zealand building permits rose at the fastest pace in four months in August. Energy, financial, and communication services mainly weighed on the index, with the bottom performers being Delegat Group (-3.2%), Channel Infrastructure (-2.5%), Westpac Banking Corp. (-2.3%), Meridian Energy (-1.6%), Infratil (-1.5%), EBOS Group (-1.3%), and Chorus (-1.3%).
2026-10-01