New Zealand Stocks Kick off the Week Lower

The NZX 50 fell 54 points, or 0.4%, to 13,353 in early trade on Monday, snapping two consecutive sessions of gains as weak cues from Wall Street Friday weighed on sentiment amid broad rotation out of U.S. tech stocks into value names.

Meanwhile, local data showed New Zealand’s services activity dropped the most in six months during November, with the index staying below its long-term average.

Caution also grew ahead of November food inflation, after the October print emerged from a 5-month low in September.

However, losses were partly limited by supportive signals from China, New Zealand’s largest trading partner, after policymakers last week pledged to maintain a proactive fiscal stance in 2026 and reiterated confidence in the economy’s long-term growth fundamentals.

Sector-wise, industrial services, non-energy minerals, and financials led the declines, with Fletcher Building Ltd. (-1.9%), T&G Global Ltd. (-1.7%), Sanford Ltd. (-1.7%), and A2 Milk Co. (-1.6%) among the top laggards.

The S&P/TSX Composite Index is up 215.98 points or 0.69% this week to 31527.39

• Up two of the past three weeks
• Today it is down 133.34 points or 0.42%
• Second highest close in history
• Largest one-day point and percentage decline since Monday, Dec. 8, 2025
• Snaps a three-trading-day winning streak
• Off 0.42% from its record close of 31660.73 hit Thursday, Dec. 11, 2025
• Up 25.77% from the Inauguration Day close of 25067.92 on Monday, Jan 20, 2025
• Today's closing value is the second highest this year
• Off 0.42% from its 52-week high of 31660.73 hit Thursday, Dec. 11, 2025
• Up 40.08% from its 52-week low of 22506.90 hit Tuesday, April 8, 2025
• Rose 24.74% from 52 weeks ago
• Off 0.42% from its 2025 closing high of 31660.73 hit Thursday, Dec 11, 2025
• Up 40.08% from its 2025 closing low of 22506.90 hit Tuesday, April 8, 2025
• Month-to-date it is up 0.46%
• Year-to-date it is up 6799.45 points or 27.50%

Source: Dow Jones Market Data, FactSet

                       Today   Previous 
                       -----   -------- 
  Advanced               101        176 
  Declined               184        110 
  Unchanged               10         12 
  Total Issues           295        298 
  New Highs               18         18 
  New Lows                 9          3 
 
Source: WSJ Market Data Group 

                       Today   Previous 
                       -----   -------- 
 Advanced             1,455      2,651 
 Declined             3,272      2,082 
 Unchanged              194        187 
 Total Issues         4,921      4,920 
 New Highs              229        339 
 New Lows               141        104 
 
Source: WSJ Market Data Group 

                       Today   Previous 
                       -----   -------- 
 Advanced               918      1,871 
 Declined             1,842        902 
 Unchanged               81         73 
 Total Issues         2,841      2,846 
 New Highs              164        237 
 New Lows                21         14 
 
Source: WSJ Market Data Group 

Summary of today's movement of the Dow Jones Stock Averages components: 
 
 Index                       Advanced    Declined  Unchanged 
 30 Dow Jones Industrial Avg          17         13          0 
 20 Dow Jones Transport Avg            6         13          1 
 15 Dow Jones Utility Avg             10          5          0 
 65 Dow Jones Composite Avg           33         31          1 
 
Source: FactSet