Headliner NZX Market Report 26.6.26
Sharemarkets have been either falling or idling at the end of the week. The NZX560 managed a slight 2 points gain today at 13,495.24 largely based by heavyweights stocks making advance. In the US overnight the Dow Jones gained 71.22 points at 51,920 but the Nasdaq dropped 118 at 26,358.60. The S&P 500 was down 6 points at 7357. In Australia, the ASX All Ords advanced by 12.60 points at 8,964.20. Equity markets are taking a cool stance towards hopes that normalisation of the sea route via...
Headliner NZX Market Report 24.6.26
The technology stock sell-off continued in the United States overnight as investors shy off the massive capital expenditure numbers that will need to be financed by capital markets. SpaceX surprised by turning to the bond market to raise UZS$20bn for A>I> development. The stock has traded slightly higher at US$156.11 after easing earlier this week. Other big tech stocks looked lopsided with Alphabet, Amazon, Meta and Microsoft all easier. Intel’s time in orbit was reined in by investors...
Headliner NZX Market Report 23.6.26
There was some uncertainty around the national sharemarjet today as political polls continued to show minority parties gleaning support off the major centrist parties. The NZX50 dropped 10.28 at 13,435.77 and in Australia the All Ords fell 42 to 8988.30. In the UK, Sir Keir Starmer resigned as leader of the UK Labour Party. The FTSE-1oo sat at 10,437. Oil prices continued to decline, with WTI down to US$72.72 /bbl overnight and Brent crude trading at US$76.67/BBL. Golds fell US$65.70...
Headliner NZX Market report 22.6.26
The rigours of seeking a ceasefire across two separate ware theatres tested the patience of the US government through the weekend and ultimately spilled onto the equity markets. In NZ, the NZX reflected the distant tensions and local political risk. The NZX50 dropped 49.58 points at 13,446.05, whilst in Australia the ASX All Ords fell 18.10 at 9031.20. The oil price hovered around US$75.81 for WTI. Gold traded US$37.40 lower at US$4,208.50/oz. ANZ shares gained 32c to $42.70, Fletcher Building...
MARKETWEEK: Lower oil prices stimulus for markets
// Warren Head Global financial markets haven fallen so far off peaks earlier this year that it will take some time to rebuild investor confidence but assuredly there were signs of that in the NZ market this week. American markets have ranged in sentiment across a broad spectrum for weeks now, every tweet or twitch from the White House about the closeness of a break-through in US-Iran relations. The MoU of bullet points setting out the framework for a...
Headliner NZX Market Report 19.6.26
The NZ sharemarket had a solid day of trading to close out the week, with gainers and decliners in fairly close balance – resulting in the NZX50’s rally being curtailed at 132 points at 13,495.63 The ASX All Ords index fell 79.50 to 9047.30. US markets bounced strongly after a fairly grim drop in value. NASDAQ recovered 496.26 points to 26,517.93. The Dow Jones Industrial put on 72.15 at 51,564.70 and the S&P 500 added 80.48 at 7,500.58. Gold sank US$53 to US$4,192.20 as a hawkish...
Headliner NZX Market Report 18.6.26
The news that the US and Iran had agreed on the content and tone of an agreement to extend the current Persian Gulf ceasefire for 60 days to enable negotiations on a peace deal had Wall Street tight-lipped today. The agreement, signed in Paris by the US and Iranian leaders, includes the reopening of Hormuz, the lifting of U.S. sanctions on Iran, the unfreezing of Iranian assets, and commitments by Tehran not to pursue a nuclear bomb. In Teheran it was hailed as a victory by the...
Headliner NZX Market Report 17.6.26
The New Zealand sharemarket seemed somewhat lost today, with a sluggish call resulting in 53 declines to 38 gainers as the NZX50 clocked over a 33 points drop to 13,392.98. Another political poll showing a left wing cohort controlling Parliament and steamed up about the generally sour view of the Kiwi consumer about the price of food and fuel. In sharp contrast, assessment of the direction of the economy by bank economists are mostly of the view that as soon as the Iran War’s massive...
Headliner NZX Market Report 16.6.26
The signing of the draft schedule for peace negotiations in the Persian Gulf War signalled a rush of capital into global equity markets even though the time-line for regular shipping movement in the region remaining unclear Wall Street set the scene, flanked by the commencement of the Football World Cup. On Wall Street, the Dow Jones climbed 468.77 points to 51,671.03, the S & P 500 added 122.,83 to 7554.29 and the NASDAQ market roared back with an upwards surge of 795.10 to...
Headliner NZX Market Report 15.6.26
The NZ sharemarket made a cautious start to the new trading week, despite an expected surge of support on Wall Street following the US-Iran inking of a preliminary agreement to negotiate a peace deal The major interest is in the possibility of a resumption of shipping transiting the Strait of Hormuz at the foot of the Persian Gulf. Hundreds of merchant ships and oil tankers remain bottled up at anchor for months, causing a global fuels crisis of historic proportions. Moving them out...
MARKETWEEK : SpaceX IPO in orbit at T 2.1
Elon Musk becomes world's first trillionaire Warren Head Is there a Middle East peace deal close to being clinched? The equity markets are more hopeful of that actually emerging this weekend even after weeks of rhetoric without the real reward of a re-opening of the Strait of Hormuz to shipping. As Dylan put it “The answer, my friend, is blowin’ in the wind. The answer is blowing in the wind.” Oil prices slid -3% below US$90 a barrel late in the week, with the weekend values at US$84.88 for...
The Headliner NZX Market Report 11.6.26
The New Zealand sharemarket softened today with light newsflow of corporate events. The overall economy is no worse off in terms of fuel supply in the latest MPI update. The agricultural sector has been championed today as leading the economy through the present sluggish phase. Speaking at Fieldays in the Waikato, Trade Minister Todd McClay said food and fibre exports set to reach a record $64.3 billion in the June year. He was commenting on the latest Situation and Outlook for Primary...
The Headliner NZX Market Report 10.6.26 – no wobbles, no way
The NZ sharemarket gave the US markets the cold shoulder again today by declining to fold under peer pressure and wobble off towards the weekend. The NZX50 closed all but 50 points higher at 13,253.65 (+49.57) and across the ditch (somewhat choppy given the ice-cap breeze sweeping up the South Island) tagged along by gaining 32.20 at 8857.00 on the ASX All Ords. Nasdaq semiconductor stocks revved up some energy overnight after being somewhat pummelled by A.I. doubters growing nervous about...
HEADLINER NZX Market Report 9.6.26
The trading week on NZX got off to a strong start today with a number of stocks marked upwards in double digits. Mainfreight, the global trucking and logistics group, powered $3 higher to trade at $65.00, a gain of 4.48% and Freightways tucked in behind with a 20c gain at $13.40. Vulcan Steel swung 32c upwards to record a 5.35% rise at $6.30, while exporter Scales Corp rose 27c to $6.08 Scott Technology reported a series of major global sales wins and the shares responded with...
MARKETWEEK: Wall Street wobbles into weekend
6.6.26 Warren Head The gloss achieved by New Zealand equities over the summer continues to get rusty as the economy’s recovery remains stalled by events beyond domestic political control – no different from most other countries as spectators to an unexpected energy crisis. It would be a colossal mistake to allow the Iranian War to drag on into a second year but the reality is that progress in arms-length peace negotiations always take time. Maybe even to the end of the second term of...
HEADLINER NZX MARKET REPORT 5.6.26
The trading week on NZX finished on a recovery note with the NZX50 gaining 60.36 points to 13,161.97. Mainfreight muscled to the top of the gainers list with a 70c upwards jolt to land on $63.21. EBOS gained 61c to $20.11, Fisher & Paykel Healthcare rose 34c to sell at $37.18, and Infratil added 22c to $15.42. Turners Auto gained 10c to $8.12. There were 36 gainers and 43 falls. The biggest fall was made by Westpac dropping 54c to $42.06, while ANZ shed 39c to $41.16. South Port...
HEADLINER NZX Market Report 4.6.26
The NZ sharemarket didn’t entirely escape from the debris of US markets sliding backwards of recent peaks as investors there began to lose faith in any break-through in US-Iran negotiations. In midweek, the US House of Representatives voted in favour of ending the Iran War. BNZ Markets reported this morning that the US and Iran exchanged heavy fire in the Middle East. The conflict began with the US striking an empty oil tanker that was attempting to skirt the US Navy blockade, and Iran...
HEADLINER NZX Market Report 3.6.26
The NZ sharemarket has drifted off again into a drizzle of limp movements, with the NZX50 faltering by 55.63 points to 13,115.08 on the NZX50. There were 43 falls to 41 gainers, the declines mostly a cent or two only. Yet at this placid pace, the index will be back below 13,000 by the weekend. Having revved up the grid to exceed $60.00 a share on the back of a solid 2H26 and positively confident analysts’ reporting, Mainfreight reversed yet again. The shares fell $2.26 to $62.74. This was on...
HEADLINER NZX Market Report 2.6.26
The shortened trading week began with some dramatic events on NZX but being associated with midcaps they did not prevent the NZX50 from slipping 73.84 points to 13,170.71 American markets were actively higher overnight, as A.I. fever surfaced again and the market began the countdown to the upcoming IPO by SpaceX. The Dow Jones gained 46.42 at 51,078.88; the S&P 500 rose 19.90 at 7599.96 and NASDAQ moved 114.91 higher to 27,086.81. NVIDIA traded up US$13.22, or +6.3%, at US$224.36...
HEADLINER NZX Market report
The sharemarket absorbed the commentary about future increases in the Official Cash Rate – and a Budget for straitened times, and kept its adjustment to 21.47 points downwards to 13,206.11 on the NZX50 In Australia the ASX All Ords shed 124.80 points or -1.40% at 8819.40. US markets were calm and waiting on an outcome in the US-Iran peace bargaining. The Dow Jones gained 182 at 50,644.28, the S&P 500 was flat, up 1.24 at 7520.32 and NASDAQ crept higher by just 18 points to...
HEADLINER NZX Market Report 27.5.26
The New Zealand sharemarket took heart from the Reserve Bank’s MPC decision to hold the official cash rate at its existing level of 2.25% today. The NZX market moved 158 points higher on the NZX50, at 13,227.81, +1.21% In Australia the ASX All Ords firmed by 62.60 to 8945.20. American markets were mixed as the confusion around whether the Iran regime has yet to agree to an extension of a ceasefire which has been fractured in the past few days. While the Dow Jones waned by 118 points at...
HEADLINER NZX Market Report
Earnings reports held the spotlight on NZX today, leaving global markets to ponder on the direction of progress in hope for an extended ceasefire in the Middle East. The NZX50 rose 99.46 points to 13,069.74, while in Australia the ASX All Ord was lower at 8882.60. Markets were closed in the US for Memorial Day. On the London market, Shell sold 1.1% lower at 3,173p and BP -1.3% at 594p as oil prices slid. Ryman Healthcare announced its FY26 results marking a significant year of progress...
Headliner NZX Market Report 25.5.26
It was a foggy start to the market week in more ways than one today, with morning mist clouding much of the mainland – and investors perplexed by confusing statements on the outcome of a peace deal over the Iranian War. Markets were left deflated by the White House rolling back on the optimistic weekend tone of US President Trump’s social media that an MOU with Iran was ‘largely negotiated”. That was replaced by indications that there should be no rush in finalising the terms of the...
MARKETWEEK: Markets have a recovery week
24.5.26 Warren Head The New Zealand will be closely monitored on Monday for any early investor adrenalin flowing in response to the latest weekend shot of optimism that a peace deal may emerge this week coming. The White House has been seeking an off ramp to the war ever since it spawned the biggest supply side oil shock since the 1970’s, with a comet like tail of debris disintegrating stability in peripheral markets. The US government may have found this in an Iranian response at the weekend...
Headliner NZX Market Report 21.5.26
In start contrast to the midweek sell-off, the NZX market coat-tailed on a rip-snorting session on Wall Street to regain ground today. The NZX50 rose 117 points at 12,878.07, while in Australia the ASX recovered 123 points at 8840.82. Wall Street seized upon chipmaker Nvidia’s results and indications that some progress was being made in cooling the Persian Gulf situation. Nividia earned $58.32 bn, or $2.39 per share, in the April quarter, up from $18.78 bn, or 76 cents per share, in...
Headliner NZX Report 20.5.26
The NZX market had a shocker of a trading session today Wednesday, after Infratil announced its intention to sell off a 5% holding in Contact Energy. By the end of the call – with a soft overnight Wall Street market adding to the risk on sentiment – the NZX50 was down 213 points at 12,761.03. The reduction move by IFT has sound rationale- at current prices. IFT can conduct a trade sale to institutions and raise almost half a billion dollars to help fund its already significant stake in...
Headliner Market Report 19.5.26
In rather stark contrast to Monday’s market misfire that wiped the floor with several NZX issuers, the NZ market rebounded today in a catapult to 12,974.32 on the NZX50 – a rise of 1.66% or 211 points. Helping set the mood was a strong overnight shift in sentiment by the Dow Jones, up 159 to 49,686 on Wall Street as hopes of a peace agreement in the Middle East war brightened. There were few declines of any size while there were 32 gains made by a wide range of stocks. Nasdaq fell 134 to...
Headliner NZX Market Report 18.5.26
A weaker session on Wall Street has been accommodated many times in the past few months – but seemingly not so today, as the NZX market sold-off. The NZX50 has had its most dramatic drop this year, falling 202.09 points to 12,762.96 on the NZX50 Gross Index, -1.56%. The fall was felt across the bulk of the trading board – only 00 stocks managed gains, then mostly a cent here and there. With the exception of South Port which rose 19c to $8.61. Mainfreight dropped $2.39 to $54.50 -4.28% and its...
MARKETWEEK: Markets wary as high stakes talks vague
Presidents Xi and Trump in Beijing 16.5.26 // Warren Head Major markets have taken heart that China and the United States are talking to each other even if details of the dialogue in Beijing between President Trump and President Xi remain unknown. There was no doubt about the strength of the Chinese position on Taiwan. American investors and their financial advisers much preferred the diplomatic tone of the addresses made at social events. The focus shifted to...
Headliner NZX Market Report 15.5.26
The NZ sharemarket closed off the week with a Friday fall of 60 points to 12,965, suppressed by weaker trading by heavyweights Fisher & Paykel Healthcare and Mainfreight. This tilted the market under the 13,000 threshold despite the gainers at 47 outnumbering decliners at 38. Leading the gainers were the dual listed Australian banks, with ABZ shares up 60c at $42.80 and Westpac up 49c at $43.72. Gentrack improved by 18c to $4.10, +4.67%$, South Port gained 14c to $8.42, -Freightways...
