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News 2026-10-16 05:29 UTC

NZX 50 Ends 0.6% Lower, Little Changed for the Week

The NZX 50 dropped 79 points, or 0.6%, to close at 13,754 on Friday, halting gains from the morning session and the previous two sessions, mainly driven by losses in utilities, communication services, and real estate. The latest data weighed on sentiment, as food inflation hit a three-month high, while electronic card