NZX 50 climbs 0.6% to 13,821, reaches highest level since September 7

  • NZX 50 recovered earlier losses and closed higher on Monday.
  • The index gained 82 points, or 0.6%, to finish at 13,821.
  • New Zealand GDP growth slowed to 0.1% quarter-on-quarter in Q2.

New Zealand’s NZX 50 rose 82 points, or 0.6%, to close at 13,821 on Monday, recovering losses from the morning and previous session. The broader index reached its highest level since September 7, supported mainly by consumer staples, materials and communication services, while US stock futures rose after the Dow Jones posted its third consecutive losing week. China kept interest rates unchanged for a 16th consecutive month ahead of the Trump-Xi summit on September 24. Oil prices remained under scrutiny as efforts continued to ease tensions in the Middle East. Gains were limited by data showing New Zealand’s GDP expanded 0.1% quarter-on-quarter in the second quarter, down from 0.2% previously and the weakest growth in a year, with higher fuel costs weighing on businesses and consumers.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.