New Zealand Stocks Extend Gains
2025-06-02 23:12
By
Farida Husna
1 min. read
The NZX 50 rose 35 points or 0.3% to 12,454 in early deals on the first trading day of June, marking its second consecutive gain as investors returned from Monday’s holiday.
Sentiment was supported by a positive session on Wall Street, where markets largely brushed off rising U.S.
trade tensions with China and the EU.
The index moved further away from last week’s one-month low, helped by gains in producer manufacturing, non-energy minerals, and healthcare.
Locally, New Zealand’s terms of trade rose 1.9% qoq in Q1 2025, below forecasts of 3.1%.
Export prices jumped 7.1%, the largest rise in three years, while import prices rose 5.1%, the biggest gain in 10 quarters.
Top movers included Ryman Healthcare (3.3%), Meridian Energy (1.9%), and Third Age Health Services (1.5%).