New Zealand Stocks Decline 1.1%

Dow Jones
09/29

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

Stocks in New Zealand fell Tuesday, as the S&P/NZX 50 Index declined 1.1% to 13683.63.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($849.0 million), Channel Infrastructure NZ was the biggest laggard, falling 3.6%, followed by shares of Summerset Group Holdings, which declined 3.2%. Shares of Ryman Healthcare declined 3.1%.

Fisher & Paykel Health was the biggest leader during the session, rising 0.4%.

On the currency front, the WSJ Dollar Index gained 0.1% to 96.90. The New Zealand dollar weakened 0.1% against the U.S. dollar to 56.61 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield declined 0.22 basis point to 5.138%.

Data source: Dow Jones Market Data, FactSet

 

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