7 November 2025, 09:48 New Zealand: Stocks Rebound.
New Zealand's benchmark S&P/NZX 50 index rose 0.2% to end at 13,599 on Friday, rebounding from the prior session's losses, with utility and healthcare stocks leading the gains. Utility stocks bounced back after Thursday's selloff, with Meridian Energy (+0.3%), Contact Energy (+0.85%), Mercury NZ (+0.6%), and Genesis Energy (+1.2%) all finishing higher. Medical device maker Fisher & Paykel (+0.9%) and pharmaceutical distributor Ebos Group (+1.4%) posted gains, while aged-care providers Ryman (+0.3%), Oceania (+2.5%), and Summerset Group (+1.0%) also advanced. Offsetting some of the gains, telecommunications firm Spark NZ extended its slide, falling 2.1%. The NZX 50 added 0.4% for the week, marking its third straight weekly advance, supported by expectations of further policy easing from the Reserve Bank of New Zealand, with markets fully pricing in a 25bps rate cut later this month following a weak jobs report.
© 1999-2026 Forex EuroClub
All rights reserved