NZX Market Report 15.7.25
Equity markets have had a more settled session with gains on American, NZ and Australian bourses. The NZX50 gross index firmed up by 10.94 today to attain 12,689.63 with Mainfreight leading the gainers. In Australia the ASX All Ords gained 60 to 8875.30. US markets traded higher, the Dow Jones Industrial Average rising 88.14 points to 44,459.65, NASDAQ up 54.870 at 20,640. 33 and the S & P 500 8.81 higher at 6,268.56. Bitcoin traded off its peak a day ago, landing US$5,314...
NZX Market Report 14.7.25
The confused situation over US tariffs (after a weekend of tweets from the White House banging up the level of tariffs for Canada, Mexico and the European Union) brought the hint of some profit-taking on the NZX market today. The NZX50 managed to limit a dip to just 7.94 points at 12,678.6(> In Australia the ASX All Ords eased 5 points at 8815. Black Pearl traded 8c higher for a 7.08% gain at $1.231 on the new it was conditionally offering to acquire a technology stock in the US, F&P...
MARKETWEEK: Merger & acquisition activity intensifies
Corporate M & A activity is keeping the interest up in equities at present, as the market transitions into the second half of an uncertain year. Meanwhile, stable interest rates are also keeping a lid on any excitement in the markets – they signal ongoing concern at a very stubborn period of slow economic recovery and percolating inflation. The Reserve Bank’s monetary policy committee made a no-change decision on the official cash rate on Thursday. The NZX50 index reflected the lack of any...
NZX Market Report 10.7.25
The NZ sharemarket failed to respond to the euphoric atmosphere on American markets today and drifted 8.41 points down to 12,760.20. This may be a reaction to a rarher sober OCR decision yesterday with the conservative view that inflation is a bit too high for comfort. Nevertheless, economists were forecasting a rates reduction in August from the Reserve Bank. In the US, a record busting day on the Nasdaq which rose to a new high 20,611.30 with a 192 leap was the highlight – its pace...
NZX Market Report 7.7.25
Markets are slightly uneasy as the commencement date(s) of US trade tariffs are nigh, the New Zealand market today flat-lining with a 1.65 point slip to 12,764.95 on the NZX50 index. In Australia, the ASX All Ords was at 8826, -15.90. Gold slipped US$20.20 to US$3326 an ounce and WTI oil was slightly lower at US$66.24 as the global markets digested the decision by OPEC + to increase monthly production in August. F&P Healthcare fell 57c to $36.01, Freightways 21c to $11.10 and Gentrack 30c...
MARKETWEEK: Big week for the American markets
\ WARREN HEAD President Trump’s ‘big beautiful bill” passed through the US Congress this week and its signing on Independence Day was accompanied by record highs for US markets – but these are unlikely to last. Ever unpredictable and riding on a confidence high, the US leader had a surprise to unfold in the form of a set of 60-70% tariffs on some dozen nations. Into the weekend, the White House stated that Pres. Trump intends to send letters to several nations advising them of the...
NZX Market Report 1.7.25
Another strong day for the NZ sharemarket, following today the morning lead on Wall Street where all key indices moved higher. The NZX50 jumped 131.71 points to 12,734.53, while in Australia the ASX All Ords levelled out one point lower at 8772. In the US the talk revolved around a trade agreement with China. The Dow Jones gained a further 275.50 points to attain 44,094.77. NASDAQ gained 96.28 at 20,369.73 and the S & P 500 put on 31.88 points to climb to 6204.95. The VIX index was...
NZX Market Report 30.6.25
The NZ sharemarket week began firmly with a broad number of listed issuers making headway. The NZX50 gained 19.28 points to 12,602.82, while in Australia the ASX All Ords was 41.52 points higher at 8765.10. The market tone was despite mixed economic survey data. ASB Bank noted that this year’s and next year’s growth outlooks have taken on a decidedly below average level as forecasters adjust to the new reality that tariffs of some kind will be in place for the foreseeable future....
MARKETWEEK: US markets soar – NZX passive
28.6.25 WARREN HEAD The subsidence of fears around a wider Middle East war and rising hopes of a Federal Reserve rate cut have set the major overseas sharemarkets back on an upwards track. This renewed confidence, as frail perhaps as the pause in Israel-Iran scrap, has resulted in the NASDAQ market cracking the20,000 barrier this week and going on to close today at a record 20,273.46. That’s up 105 points overnight and a weekly gain of 796 points which is rather astounding. And exposed to a...
NZX Market Report 27.6.25
The recovery phase gathered momentum on financial markets today. The NZX50 gained 103.54 to reach 12,583.59, a gain of +0.83%. In Australia, however, the ASX All Ords shed 30 at 8743.60. There were only two falls of any size, Westpac losing 48c at $36.72 and ANZ Bank down 27c at $31.64. Mainfreight moved up 37c to %$67.37 and F & P Healthcare up by 17c to $36.57. Gentrack gained 25c to $12.40 and Infratil rose 30c to $11.70. AFT Pharma added 14c to $2.70, a gain of +5.5%. South Port...
NZX Market Report 26.6.25
On a fairly ordinary day’s trading on the NZX market, by some leading stocks to carry the NZX50 up 19.09 points at 12,480.05. In Australia the ASX All Ords also improved, by 6.30 points at 8773.60. In the US technical stocks drive the NASDAQ up 61.02 to 19,973.55, but the S & P 500 slipped fractionally at 6092.16. The Dow Jones industrial average reflected some profit-taking in easing 106.59 points at 42,982.43. Chorus shed 22c at $8.38, Briscoe lost a further 16c at $5.34,...
NZX Market Report 25.6.25
The NZ sharemarket continued to flow sluggishly today with the NZX50 index down 6.52 points at 12,460.96 – while US markets scorched upwards. The NZ market did carry several stocks upwards but a further fall for Auckland Airport, -9c to $7.58, and a 16c fall for Infratil to $10.25 did help the session. Fletcher Building fell a further 6c at $2.91 after its significant items setback in a market update earlier this week. Briscoe lost 15c to $5.50. However, Freightways continued its upwards...
NZX Market Report 24.6.25
The NZX market gradually lost ground today, and ultimately closed 65.17 lower at 12,467.48 on the NZX50 index. In Australia the ASX All Ords rose 86.80 at 8774.80. The world oil price plunged 4.4% to US$65.48 and barrel, having being up above US$75.00 only a day prior. The US declaration of a ceasefire in military activity between Israel and Iran may be a fragile solution to the 12-day war. Israel has retained a sullen silence. Iran has not moved to close the narrow Strait of...
NZX Market Report 23.6.25
The military actions taken by the United States in Iran over the weekend have had the Western media in an elevated state of apprehension since, but the financial markets have displayed very little but a moderate response. There was considerable concern that the possibility of the United States being brought into yet another external conflict has been troubling to some US politicians. However, the New Zealand market (one of the first to reopen for the start of a new trading week) was only...
MARKETWEEK: M & A activity comes alive on NZX
MARSDEN COVE 21.6.25 // Warren Head A feature of the NZX market this winter is the increased frequency with which we are seeing takeovers emerge in various firms. There have already been a number of departures from the listed market over the last 18 months and there will certainly be more. It behoves of directors to keep the market informed of every positive move their company makes. There are hidden gems among the mid-caps that these corporate moves illuminate. Two midcaps led the NZX...
NZX Market Report 19.6.25
At the end of a short trading week ahead of a 3-day holiday weekend the level of trading on NZX today was fairly modest and mix today was fairly modest and easier in direction. The NZX50 shed 58.27 points at 12,169.05, while in Australia the ASX All Ords was down 16.57 at 8,741.40. American markets were mixed, as the Iran-Israel situation showed no signs of abating, and worries rose about inflation after the Federal Reserve FOMC had yesterday held the official rate unchanged. The Dow...
NZX Market Report 18.6.25
A mixed day’s trading on NZX saw gainers and decliners in about even position, although a 75c drop in the value of Mainfreight shares to $67.50 put paid to any gain on the day. The NZX50 shed 11.Tuyrners Auto dropped 22c at $6.50 perhaps as a result of a disappointing consumer confidence survey. EBOS came back by 17c to $37.00 and ANZ 21c to $31.50. Contact Energy lost 11c at $9.06, Meridian Energy 12c at $5.70 and Mercury NZ 10.5c at $5.92. Seeka peeled off 10c at $4.00. Gentrack did...
NZX Market Report 17.6.25
The NZ sharemarket did a back-flip on today’s trading session, reversing some 50.75 points at 12,639.35 on the NZX50, as US markets soared in anticipation of a possible political resolution of the Israel-Iran hostilities. This was quite speculative and emanated from a remark from US Pres. Donald Trump that Iran needed to make a deal. The Dow Jones burned its way 317.30 points upwards to 42,515.09, with the S & P 500 adding 56.14 at 6033 and Nasdaq 294 pouts to 19,701.21. Gold retreated...
NZX Market Report 16.6.25
In contrast to the min selldown on Friday after global markets dived on the commencement of hostilities between Israel and Iran, the domestic market rallied strongly today. Part of the motivation may have been a view that the NZ is unvalued and attracting a series of takeover bids at vulnerable prices. The NZX50 climbed 137.276 or 1.09% to 12,690.13. In Australia the All Ords rose 4 points at 8755. F&P Healthcare climbed 75c to $37.35, Gentrack 30c to $11.67, Mainfreight 199c at...
Marketweek: Israel strike on Iran sends markets reeling
Keeping the Israel-Iran situation contained is the new geopoltical issue 14.6.25 Warren Head The world has had a troubled week, with old conflicts flaring into violence, whilst in the business arena, countries and companies struggle to see just how the US campaign to impose global tariffs will work out. The financial markets reacted to a range of new catalysts this week, culminating with a sharp deterioration in inter-state relationships in the Middle East. Markets roiled in New...
NZX Market Report 12.6.25
Trading continued on a positive note on NZX today with the NZX6550 rising 43.17 points to 12,649.10. F&P Healthcare shares improved by 27c to $36.85 and Turners Auto was up 14c to $6.59. Scales Corporation continued its post-AGM gains with a rise of 16c to $4.79, +3.5%, while Skellerup added 165c to $4.69 up 3.5%. Auckland Airport gained 13c to $7.99 and Infratil 12c at $10.30. Port of Tauranga moved 14c higher at $6.94 and Restaurant Brands 11c upwards to $2.95. Among energy sticks...
NZX Market Report 11.6.25
Fletcher Building shares came alight on NZX today after the company advises that, following the announcement that it is running a strategic review, it has received ongoing inbound inquiries from parties interested in its businesses. The FBU share price bounded 30c higher to $3.31, a gain of almost 10%. The interest includes the Construction Division amongst others. Fletcher advises that no decisions have been made to sell any of its businesses. More details of the outcomes of the strategic...
NZX Market Report 10.6.25
A modest day’s trading put the NZX50 back on a shallow rising trajectory today, helped considerably by a strong upwards shift by F&P Healthcare of 66c to $36.76. Mercury NZ chipped in with an 8.5c gain at $6.13 and a2 Milk with an 18c lift to $8.86. Retail had another good session, Briscoe again taking the lead with a 25c surge to $5.65, up +4.63%, Hallenstein Glasson in support w 20c gain to $8.20 and KMD up 1.6% at 31.5c. Allied Farmers was looking stronger with a 4c or +5.6% gain to...
NZX50 Market Report 9.6.25
Briscoe Group’s elevation into the top 50 on Friday catapulted the retail group’s share price 9.76% higher today. The shares sold a whopping 48c higher at $5.40 as institutions and others bought into the rebalance ahead of the actual day it moves upstairs – while compatriot Kiwi retailer The Warehouse falls out of the index. S&P Dow Jones Indices announced on Friday that the changes in the S&P/NZX indices are effective prior to the open of trading on Monday, June 23. On May 15, Dame...
MARKETWEEK: Market activity in the fringes
NorthPort 7.6.25 // Warren Head The end of the mini reporting season for companies with March 31 balance data being over, momentum slowed on NZX this week, with a couple of special situations providing most of the news flow. The economy is itself flat-lining with GDP growth building only incrementally, and mostly dependent on the primary sector industries to provide the export revenue growth required to drive increased investments and also fund a tapering tax take, Most of the...
NZX Market Report 5.6.25
The New Zealand market had a good head of steam up again today, with a new takeover situation to enliven the trading call. Vital shares moved +6.33% or 2.5c higher to 42c after the company received formal notice of intention to make a takeover offer at 45cps from Christchurch radio electronics manufacturer exporter Tait International. Gentrack had another buoyant session, gaining 34c to $12.64 and EBOS regained $1.17 a share at $37.96 with the market absorbing the sell-down by major...
NZX Market Report 4.6.25
Markets were uniformly in buoyant shape today, the local NZX market experiencing good gains by a number of leading stocks. The NZX50 closed 167.48 points higher at 12,470.84. Vulcan Steel surged 44c or +6.4% higher to trade at $7.31, while Mainfreight drive 50c upwards to $68.46, and F&P Healthcare added 47c at $37.06. Auckland Airport was ahead by 22c to $7.72, Chorus gained 15.5c to $8.375, a2 Milk put on 33c at $8.73, (+3.93%) and Gentrack jumped 34c to $12.30. Energy stocks were...
NZX Market Report 3.6.25
The US markets all rose with reasonable gains overnight but the NZ market failed to take any cue – and instead sank 91.66 points on the NZX50 to 12,327.23 today. The ASX All Ords index gained 53.40 at 8,969.90. Nasdaq closed 128.85 higher at 19,242.61, the S & P 500 24.25 up at 5,935.94 and the Dow Jones Industrial moved 35 points higher at 42,305.48. Mainfreight shares fell back by $2.34 at $67.96 given uncertainty over the direction of tariffs on trade after another on-off weekend....
MARKETWEEK: Heavyweights lead the market action
31.5.25 Warren Head NZX listed company reports for the March year had a direct effect on the direction of the NZ sharemarket this week, with an overall softening. This week’s list of March results included some of the largest companies on the NZX including Fisher & Paykel Healthcare, NZX’s biggest stock by market capitalisation, Infratil and Ryman Healthcare. The aftermath of the government’s budget has been a better appreciation of the fiscal constraints on the economy. A common theme in...
NZX Market Report 30.5.25
Gainers eclipsed declines today and the NZX50 closed up 137.58 points at 12,418.89< +1.12%. The ASSX All Ords finished the day at 8660.30, up 22.50. In the US, the Nasdaq market closed 74.92 points higher at 19,175, the S & P 500 23.62 higher at 5,912.17, while the Dow Jones ended the day 117.03 higher at 42,215.73. F&P Healthcare bounced 89c or +5.46% to $36.50. Mainfreight gained 30c to $70.30. Freightways 13c to $7.90 and a2 Milk 17c to $8.88. PGG Wrightson moved up 12c or...
