New Zealand's benchmark S&P/NZX 50 index rose by 0.15% to close at 12,480 on Thursday, snapping a six-session losing streak. The rebound was underpinned by improving risk sentiment, as the ceasefire between Israel and Iran appeared to be holding, alleviating fears of a broader conflict in the Middle East. Meanwhile, investors are now returning their focus to trade developments as the clock ticks down to the July 9 deadline set by the Trump administration to negotiate deals that would avert the imposition of reciprocal tariffs with trading partners. In corporate news, Port of Tauranga announced the sale of its 50% stake in Northport to Marsden Maritime Holdings, which already owns the other half. Among large-cap stocks, notable gains were recorded by Infratil (+1.5%), Mercury NZ (+1.75%), and Ebos Group (+2.55%).