Headliner NZX Market Report 23.12.25
An absence of actionable newsflow did not halt the impetus of the NZX sharemarket, although it did slow to a 9.43 points advance on the NZX50 Gross Index at 13,517.73. In Aussie, the ASX All Ords put on 96.50 at 9096.20. In the UK the FTSE-100 shed 37.89 points at 4,969.92. In the USA, the Dow gained 227.79 at 438,362.68, the S&P 500 added 43.99 to 6878.49 and NASDAQ 121.21 to 23,428.83. The best gain of the trading session was made by Westpac with a $1.04 surge to $45.45 and ANZ Banking...
Precious metals prices mixed
23.12.25 The precious metals index continued to advance in November, though at a moderate rate. The index rose by 0.9%, m-o-m, supported by gains in gold and silver prices, though a decline in platinum prices over the period partially offset gains. The index was up by 55.4%, y-o-y. Gold prices rose for a fourth consecutive month, increasing by 0.7%, m-o-m, in November. “Momentum from the previous month lifted gold prices over the month, but gains were partially offset by improved...
Gold mine project at Waihi North consented
OceanaGold’s major mining project, Waihi North, was consented through the fast –track process to expand operations until 2043 through the Fast-track process Infrastructure Minister Chris Bishop said the Waihi North mining project is “a nationally significant investment that will deliver substantial economic benefits. The project took 112 working days to approve, from the time the panel was convened. Resources Minister Shane Jones estimated that had it gone through the usual process, approval...
Headliner NZX Market Report 22.12.25
The NZ sharemarket launched a mini-rally as the end of year trading close approaches. The NZX50 gained 174.80 points to 13,508.30, +1.31% The ASX All Ords rose 82.40 to 9000.70 (perhaps to mark another victory for Australia in the Ashes cricket series). In New York the Dow Jones jumped 182 to 48,134.89, the S&P 500 added 59.74 at 6834.50 and Nasdaq rocked 301 points upwards to 23,307.02. The price of gold bullion traded at US$4,451.00/oz and WTO oil at US$57.19. S&P Global...
FTA ‘great outcome’ for forestry
22.12.25 The New Zealand Forest Owners Association welcomed the new Free Trade Agreement (FTA) between New Zealand and India, which eliminates tariffs on over 95% of forestry and wood exports to Indian consumers, The FTA offers new opportunities for Kiwi forest owners and wood processors in a significant growth market. The New Zealand-India FTA is a big win for all New Zealand exporters, but especially those in the forestry space, says Dr Elizabeth Heeg, chief executive of the New Zealand...
FTA a major kiwifruit opportunity
22.12.25 Zespri welcomes the conclusion of the New Zealand-India Free Trade Agreement (FTA), marking a new era in the relationship and unlocking an enormous opportunity for kiwifruit. Under the agreement and in a first for India, New Zealand growers will see the tariff on kiwifruit exports into India removed on up to 15,000 tonnes per year, with all volume on top of that subject to a reduced tariff of 16.5%, down from the current 33%. Zespri’s sales into India have been heavily constrained by...
New trade deal unleashes huge potential
22.12.25 The India-NZ Free Trade Agreement unleashes huge potential for our New Zealand exporters to the world’s largest country. New Zealand will have duty-free access for a large kiwifruit quota – nearly four times the current exports - with a 50 per cent tariff applying outside quota. For the first time in an FTA, India has agreed preferential market access for apples and mānuka honey, says Trade and Investment Minister Todd McClay. “The FTA has broad services coverage and builds...
NZ – India trade deal a Christmas cracker
22.12.25 Closing off a major push for increased trade throughout 2-025, New Zealand and India have concluded a Free Trade Agreement, after months of negotiation by Trade and Investment Minister Todd McClay and MFAT officials McClay dcesceribed the trade deal as an ”historic Agreement’ that opens the door to one of the world’s great markets. The FTA eliminates and reduces tariffs on 95 per cent of New Zealand’s exports – among the highest of any Indian FTA - with almost 57% being duty-free...
MHJ refinances debt facility
22.12.25 Michael Hill International has successfully refinanced its debt facility on improved margins for an additional two years to 31.8.28. The refinancing is subject to customary conditions precedent. The facility is funded by its long-term banking partner, Australia and New Zealand Banking Group Limited and ANZ Bank New Zealand Ltd (ANZ) and introduces a new lender, Commonwealth Bank of Australia Limited (CBA). The existing facility limits continue, with the $90m core facility and the...
Genesis directors stepping down
Genesis Energy announced that Catherine Drayton has advised her intention to step down from the Genesis board, effective 23 June 2026. She joined the board in March 2019 and has been a valued Director and member / Chair of the Audit and Risk Committee. The board thanked her for her significant contribution to the company over the last six years, particularly her leadership in governance, strategy and risk management.
