NZX 50 Ends 1.1% Higher, Posts Quarterly Gain
The NZX 50 climbed 151 points, or 1.1%, to 13,813 on Wednesday, halting losses in the previous session and moving away from its lowest level since September 16, which it touched a day earlier. All sectors traded in the green, with consumer discretionary leading the gains, followed by communication services, technology, and financials. Easing oil prices fueled sentiment as concerns over inflation eased. However, traders shrugged off fresh data showing New Zealand's business confidence fell to a three-month low, though it remained in positive territory. A downbeat session on Wall Street overnight also limited the gain due to a surge in US Treasury yields. Hallenstein Glasson continued to surge (5.4%) after posting a 49.9% jump in net profit for the year ended August 1, 2026. Other top gainers were Delegat Group (3.3%), Summerset Group (3.3%), Channel Infrastructure (3.2%), Chorus (2.6%), Infratil (1.9%), and Freightways Group (1.4%). For the quarter, the index rose 1.4%.
1%, to 13,813 on Wednesday, halting losses in the previous session and moving away from its lowest level since September 16, which it touched a day earlier. All sectors traded in the green, with consumer discretionary leading the gains, followed by communication services, technology, and financials. Easing oil prices fueled sentiment as concerns over inflation eased. However, traders shrugged off fresh data showing New Zealand's business confidence fell to a three-month low, though it remained in positive territory.
A downbeat session on Wall Street overnight also limited the gain due to a surge in US Treasury yields. 9% jump in net profit for the year ended August 1, 2026. 4%). 4%.