22.01.202605:15:32UTC+00NZX 50 Rebounds, Ending Three-Day Decline

On Thursday, New Zealand's leading S&P/NZX 50 index increased by 1%, concluding the session at 13,557. This rise marks a break from a three-day decline. Contributing to the boost were alleviating trade concerns following news of a Greenland framework agreement and U.S. President Trump's decision not to implement additional tariffs. Additionally, robust quarterly performance reports from U.S. regional banks reinforced positive sentiment within the global financial sector. The majority of sectors, including financials, healthcare, utilities, consumer goods, and communications, experienced gains. Looking ahead to Friday, investors remain hopeful as inflation data is anticipated to indicate a year-on-year rate maintaining at 3%. Companies making significant contributions to the index's uptick included Meridian Energy, which rose by 2.5%, followed by EBOS Group at 1.7%, Contact Energy at 1.6%, Auckland International Airport at 1.2%, while Ryman Healthcare, Fisher & Paykel, and Infratil each saw a rise of approximately 0.9%.