empty
 
 

2026.05.2722:53:02UTC+00NZX 50 Extends Gains in Morning Trade

The NZX 50 rose 41 points, or 0.3%, to 13,269 in Thursday morning trade, extending the previous session’s gains and mirroring a rally in the S&P 500 and Dow Jones on Wall Street overnight amid hopes of a US–Iran peace deal. Sentiment was further buoyed by easing oil prices, which helped temper inflation concerns in fuel‑import‑dependent New Zealand.
Confidence also improved after a senior central banker said the peak in interest rates would depend on how much weaker demand, driven by higher energy costs, restrains broader price pressures. That followed the Reserve Bank of New Zealand’s decision on Wednesday to leave the official cash rate unchanged. RBNZ Governor Anna Breman told Morning Report that the cash rate is expected to rise to 3.0% or 3.25% in the future.
Gains were led by industrials, healthcare, and technology stocks, with notable advances from Mainfreight (up 7.4%), Gentrack Group (2.4%), South Port NZ (1.7%), Ebos Group (0.8%), Henderson Far East (0.8%), and ANZ Group (0.4%).

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $4000 more!
    In July we raffle $4000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback