New Zealand Stocks Fall 0.7%

Dow Jones
07/08

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in New Zealand slipped Wednesday, as the S&P/NZX 50 Index declined 0.7% to 13665.18.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($857.3 million), Fisher & Paykel Health was the biggest laggard, declining 2.6%, followed by shares of Infratil, which declined 2.3%. Shares of Freightways Group declined 1.8%.

Fletcher Building was the biggest leader during the session, rising 2.1%, and Mercury NZ rose 0.9%. Precinct Prop New Zealand rounded out the top three movers, as shares climbed 0.5%.

On the currency front, the WSJ Dollar Index was flat at 97.38. The New Zealand dollar strengthened 0.6% against the U.S. dollar to 57.12 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield rose 8.81 basis points to 4.529%.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

July 08, 2026 01:30 ET (05:30 GMT)

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