Headliner NZX Market Report 15.4.26
A moderately better mood on NZX carried to the NZX50 index 59 points higher to 13,076.58 today, with a 44c surge by F&P Healthcare to $38.49 a key driver. EBOS too gained 80c at $22.85, a rise of +3.63%, Fonterra Co-op gained 16c to $4.66 +3.6% and Mercury NZ was priced 13c higher at $6.73. Contact Energy added 12c to $9.40, Colonial Motors rose 15c to $7.85and Infratil held $12.02, up 5c. Comvita announced a Rights Offer of up to NZ$30m to facilitate bank refinancing, alongside the entry...
Headliner NZX Market Report 10.4.26
On NZX today the market failed to hold its round and the NZX50 declined 92.87 points at 13,811.44. In Australia the ASX All Ords Index eased by 13.10 to 9,135.43. American markets continued to remain upbeat about the prospects for a Middle East solution, the Dow gaining 275.88 at 48,185.870 , while the S&P 500 gained 41.85 at 6824.66. NASDAQ trading continued on a firmer path, adding 187.42 points to the composite index at 22,822.42. Gold fell US$45.20 an oz to US$4,772.80. F&P...
Headliner NZX Market Report 9.4.26
The two-week ceasefire that went into force yesterday in the Iranian War, driving down oil prices, and thrusting US markets sky-high . . . is already teetering. The prospect that Middle Eastern oil producers may resume transits out of the Persian Gulf BIMCO Chief Shipping Analyst, Niels Rasmussen advised that assuming that passage through the Strait is considered safe, ships will want to leave. That hope was fast diminishing late today as Iran closed the Strait again. And Rasmussen...
Headliner NZX Market Report 8.4.26
The pause in hostilities in the Israel-US – Iran war is only a conditional two week ceasefire but it was enough to send American bombers back into their parking spaces today. The potential terror that US President Trump had threatened would fall on Iran also shackled. Equity markets gripped onto the immediate slide in the price of benchmark Brent oil, which dropped to US$94.00 a barrel. Share prices accelerated in inverse reaction to the petroleum plunge. The S & P 500 rose only 5 points...
Headliner NZX Market Report 2.4.26
The NZX market finished the short trading week on an upwards trajectory, as investors locally caught up with the gains being made on US markets. The NZX50 climbed 76.28 points to 12,902.15, against the backdrop of oil prices rocketing higher, gold sagging, US markets roaring in support of the Artemis Moon mission, and President Trump railing against Iran. Several contradictory forces in such a volatile mixture. The Aussie market could not hold yesterday’s gains and the ASX All Ords fell...
Headliner NZX Market Report 27.3.26
New Zealand equities tracked the US markets downwards on NZX today, with the NZX50 gross index slipping 41.60 pts to 19,935.39. The ASX All Ords landed 13.70pts lower at 8.712.80. The US markets have shifted from yesterday’s optimism to renewed caution, with investors rotating into a mix of energy stocks and defensives such as food and utilities, commented Devon Funds, “Although the consensus still expects progress on a deal by the weekend, the latest weakness shows that some...
Headliner NZX Market Report 26.3.26
The NZ sharemarket fell into line with the US market uplift overnight and closed up 47.69 points on the NZX5-0 at 12,(&^>99 this evening. The 13,000 threshold – surrendered in the recent sell-off – remains elusive and is tantalising close. The US markets were gripping up what strands of optimism they can around hopes of a ceasefire in the Iranian Ware – although Iran had countered the long list of conditions put to it by the US with a simple 5 points list of essentials it wants...
DHL Group lifts results in FY25
19.3.26 DHL Group successfully navigated continued trade tensions and exceeded its targets for the financial year 2025. Revenue declined 1.6% to EUR 82.9 billion, also due to currency effects and lower volumes on routes to the United States. “Thanks to active capacity management and structural cost improvements, DHL Group increased its operating profit (EBIT) 3.7% to EUR 6.1 billion, thereby exceeding its earnings guidance of at least EUR 6 billion,” said Melanie Kreis, CFO DHL Group....
Headliner NZX Market Report 11.3.26
New Zealand’s NZX market pushed the throttle today and added another 158.62 points onto the NZX50 at 12,293.13 in a show of support for a market that came through the recent interim report season in strong form overall. The talk then from company leaders was of a signs of an economic recovery starting – so it may seem unusual to see market defiance to the downstream effects from the Iranian War now in its second week. In the USA there is some uncertainty showing over the purported progress of...
Markets reacting to Iranian crisis
Financial and commodity markets are reacting to the fast-escalating regional conflict in the Middle East. ASB Bank this morning noted severe interruptions to shipping through the Strait of Hormuz, the Red Sea, and regional air routes. “Rising oil prices have ignited inflationary fears, pushing global yields higher, while global equities slump,” commented senior economist Mark Smith. Major US equity indices are down less than 1% (S&P 500 around 6,825). European shares were sharply lower...
Headliner NZX Market Report 3.3.26
There was a small slate of decliners on NZX today as the market swept upwards despite international uncertainty over the escalation of the war with Iran, including disruption to Middle East aviation activity and vessels in the Persian Gulf. The NZX50 index fell 36.44 points to 13,620.21. In Australia the ASX All Ords shed 133.40 to 9,297.20 In the United States, the Dow Jones was down 73.14 points at 48,904.78 but Nasdaq rose 80.65 to 22,748.86 and the S&P 500 added 2.74 at 6881.62....
Headliner NZX Market report 27.2.26
Despite some overseas markets pulling back today, the NZX sharemarket continued to move forward, putting on a further 52.26 points today at 13,722.97 on the NZX50. In Australia the ASX All Ords gained 26.91 to 9435.60. American markets were mixed, with another whiff of worry about the staggering capital cost of building data centres – the concern is less about today’s capex than about sinking so much into equipment that will ultimately be over-valued. The NASDAQ market fell 273.70 at...
Headliner Market Report 26.2.26
Share prices pushed sharply higher on global bourses today after the super-blue chip Nvidia filed a better than expected quarterly earnings result. There is a herculean contest taking place between chipmakers to sew up long-term contractual arrangements with data centre assets with Meta and AMD inking a circular deal this week. American markets looking for something to offset the worries over A.I. locked onto the Nvidia forecasts. The company lifted revenue 73% to $68 billion for the...
Headliner NZX Market Report 11.2.26
Major stocks sold off on NZX today but the market kept the overall impact to only a 6.40poinys fall at 13,507.28 on the NZX50 index. There was no evident effect on Australian shares from the mixed tone of the overnight session on Wall Street – the ASX All Ords index cruised 141.90 points upwards to close this evening on 9281.80. American markets were mixed with the Nasdaq board dropping 136 points to 23,102.48, the S&P 500 down 23.01 at 6942.82. The Dow Jones Industrial board...
Wild swings in gold and silver
3.2.26 In overnight trading, gold and silver fell to fresh lows before showing decent bounces and US equities are on a much better footing, reports BNZ Markets. “US Treasury yields have pushed higher and the USD is modestly stronger, with moves extended following a stronger than expected US ISM manufacturing survey.,” says Jason Wong, senior markets strategist “The ISM manufacturing composite rose a chunky 4.7pts to 52.6, its strongest level in over three years and well ahead of consensus...
Headliner NZX Market Report 15.1.26
A soggy day across the country was replicated on NZX, with the NZX50 index slipping 97.92 points to 13,659.79. Several leading stocks backtracked today with large scale asset owner Infratil carving off 41c to drop 3.53% at $11.19. Summerset came back 32c to $12.28, a fall of 2.6%, while Ryman Healthcare was two cents lower at $2.47 after a steady sales report. Ryman Healthcare reports 375 sales of retirement living occupation right agreements (ORAs) for 3Q26, including 101 new sales and...
Headliner NZX Market Report 13.1.26
A pronounced positive shift in general business confidence that emerged from the latest NZIER business opinion survey was unable to spill over into NZX trading today. Business sentiment rose to +39% in December, from +17% in September – the highest reading since March 2014. Firms’ own activity was a net -3% in December, up from -15% in September quarter. “While this was still a little below the long-run average, it was the highest reading since September 2022,” said Michael Gordon,...
US market nervous on tech stocks
15.12.25 US equities ended last week lower, with technology leading declines as investors pared back exposure to AI-related names. The Dow Jones slipped 0.5%, while the S&P 500 dropped 1.1%, and the Nasdaq slid 1.7%. Devon Funds notes this morning that Wall Street selling was concentrated in large-cap tech stocks. “Broadcom slumped 11% on cautious guidance, compounding the hit from Oracle’s earlier post results slide and reigniting worries about an overheated AI trade, retriggering a...
Wall St optimistic on trade deal
28.10.25 US equities have been supported following benign US CPI data released on Friday, and hopes of a trade deal between China and the US at a summit meeting later this week. There are reinforced expectations for a 25bp rate cut when the US Federal Reserve meets later this week. “The US dollar is little changed and treasury yields are modestly higher,” says BNZ Markets’ Stuart Ritson this morning. The Dow Jones has climbed 337.47 overnight to close at 47,544.59. The S & P 500 added...
NASDAQ at record level
9.9.25 The Nasdaq Composite notched a new record high Monday, powered by a rally in major tech names and “growing conviction among traders that the Federal Reserve will cut interest rates,” comments the UK financial firm deVere group. The Nasdaq climbed 0.45% to close at 21,798.70, its highest ever. The S&P 500 rose 0.21% to 6,495.15 and the Dow Jones Industrial Average gained 0.25% to 45,514.95. The moves come as investors digest Friday’s weak nonfarm payrolls report, which highlighted...
NZX Market Report 12.8.25
A wintry draught went through the NZ sharemarket today, taking the NZX50 index down by152.18 points to 22,759.68. In Australia, by contrast, the ASX All Ords gained 32.70 to 9,150.30. In the US overnight more controversy did not sit well with Wall Street. As the White House used emergency powers usually reserved for matters of extreme risk such as an invasion, to install National Guard troopers on the streets of Washington DC to crack down on crime. It looks more like posturing prior to...
Kemira downgrades outlook
11.7.25 The Helsinki-based chemicals group Kemira has downgraded its outlook for 2025 following the continued demand softness in the packaging and pulp customer industry. Kemira is a global leader in sustainable chemical solutions for water-intensive industries The US dollar’s significant weakness since the beginning of the year is having a negative impact on Kemira’s revenue and profitability. The negative impact is expected to continue during the second half of the year, assuming the current...
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...
Markets looking more stable
30.6.25 The S&P 500 and NASDAQ markets closed at fresh record highs on Friday US time; Equities dipped temporarily after news that President Trump had terminated trade discussions with Canada in response to the country’s planned implementation of a digital services tax targeting American companies, noted BNZ Markets. “A late rebound saw the S&P close 0.5% higher aligning with the solid gains made by European indices. Treasury yields were little changed, and the US dollar was mixed...
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...
US stockmarkets surge on Iran ceasefire
US stocks surged on Tuesday while oil prices fell heavily again as investors took the view that the ceasefire between Israel and Iran will be an enduring one, comments Greg Smith at Devon Funds. “After being frustrated by some initial breaches, and also while dropping an “F-bomb,” Donald Trump proclaimed the ceasefire was still in effect. “The President will be even less enamoured with Jerome Powell who signalled to policymakers on Capitol Hill that the central bank was in no rush to cut...
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...
Shares rally and oil price retreats
24.6.25 Equity markets have risen sharply and oil prices have plunged following the pull-back on the part of the Iranian government, having delivered a retaliatory attack on US bases in Qatar. The US President Donald Trump declared a "complete and total" ceasefire between Israel and Iran will soon go into force. "On the assumption that everything works as it should, which it will, I would like to congratulate both Countries, Israel and Iran, on having the Stamina, Courage, and Intelligence to...
Technology launches in the limelight
US markets pushed higher on Tuesday, with technology companies in the forefront with new products being aired The Dow Jones rose 0.25%, while the S&P500 and Nasdaq both jumped 0.6%. Intel soared 8% and Tesla rebounded a further 6%. Trade talks between the US and China are continuing into their second day in London, notes Greg Smith at Devon Funds. "Treasury Secretary Steve Bessent has been involved in the discussions, and may have another big job to do next year. "There are reports he is...
UK takeover brightens Wall Street
10.6.25 Semiconductor firms rallied on Wall Street overnight as Qualcomm announced it is acquiring London listed Alphawave for US$2.4 billion. The Dow was flat, down 1.14 points at 42,76.76. The S&P500 edged higher on Monday by 0.1%, to 6005.58. while the Nasdaq gained 0.3% at 19,591.24 (+61.24). Tesla rebounded a further 4.6%. At Devon Funds this morning, Greg Smith commented, “London is also the focus for investors generally, with the US and China holding trade talks in the UK capital....
