New Zealand Stocks Gain 0.3% In Early Trading

Dow Jones
May 22

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

Stocks in New Zealand rose during early trading Friday, as the S&P/NZX 50 Index gained 0.3% to 12913.63.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($881.4 million), Precinct Prop New Zealand is the biggest leader this morning, rising 2.5%, and Fisher & Paykel Health increased 1.5%. Auckland Intl Airport rounds out the top three movers, as shares climbed 1.0%.

Kiwi Property Group is the biggest early laggard, declining 1.6%, followed by shares of Fletcher Building, which slipped 1.0%. Shares of Meridian Energy slipped 0.7%.

On the currency front, the WSJ Dollar Index held steady at 95.83. The New Zealand dollar held steady against the U.S. dollar at 58.75 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield declined 8.39 basis points to 4.730%.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

May 21, 2026 18:31 ET (22:31 GMT)

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