New Zealand Stocks Hold Steady in Morning Trading

Dow Jones
Jul 29

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

Stocks in New Zealand were flat during early trading Wednesday, as the S&P/NZX 50 Index held steady at 13867.33.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($867.3 million), Precinct Prop New Zealand is the biggest leader this morning, increasing 1.4%, and Kiwi Property Group added 1.1%. Port of Tauranga rounds out the top three movers, as shares climbed 0.7%.

Fletcher Building is the biggest early laggard, slipping 0.8%, followed by shares of Fisher & Paykel Health, which slipped 0.6%. Shares of Summerset Group Holdings slipped 0.6%.

On the currency front, the WSJ Dollar Index was flat at 97.55. The New Zealand dollar weakened 0.1% against the U.S. dollar to 57.82 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield rose 0.83 basis point to 4.728%.

Data source: Dow Jones Market Data, FactSet

 

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