NZX 50 Reverses Morning Gains, Closes Down 0.4%

The NZX 50 fell 56 points, or 0.4%, to close at 13,115 on Wednesday, reversing morning gains and extending losses from the previous session, mainly weighed down by materials, industrials, and consumer staples stocks. Traders remained cautious amid uncertainty surrounding the US-Iran peace talks. Disappointing economic data also pressured sentiment, with New Zealand’s merchandise terms of trade declining more than expected in the first quarter of 2026, indicating reduced purchasing power for New Zealand exporters and importers despite rising export and import volumes. However, losses were capped by stronger building consents data, as new dwelling consents rebounded 10.9% in April. Among the biggest laggards were Mainfreight (-3.5%), Ebos Group (-2.5%), and Ventia Services Group (-1.7%), while Sky Network Television and Turners Automotive each fell 1.6%.
Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market




