empty
 
 

19.10.202622:49:27UTC+00NZX 50 Little Changed in Morning Trade

The NZX 50 was little changed around 13,657 in Tuesday morning trade, stabilizing after declines in the previous two sessions. Gains in technology and healthcare were largely offset by weakness in utilities and real estate. Sentiment was cautious ahead of this week’s release of Q3 inflation data, which is expected to influence the RBNZ’s next interest rate decision. Additional caution came from rising oil prices, which reinforced concerns about inflation and the prospect of further rate hikes amid escalating Middle East tensions. The broader index was attempting to recover from its lowest level since September 16, reached in the prior session, following a positive lead from Wall Street where a rebound in tech stocks supported risk appetite. Among individual movers, F&C Investment advanced 1.8%, Infratil rose 1.3%, Fisher & Paykel added 0.6%, and Mainfreight gained 0.5%, while Mercury NZ slipped 0.7% and both ANZ Group and A2 Milk edged down 0.5%.

  • 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 $1000 more!
    In October we raffle $1000 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