NZX 50 Gains Friday, Week Still Down

EthereumCraftsman · 2026-01-30T11:09:17+00:00

New Zealand's S&P/NZX 50 rose 0.6% to 13,423, recovering some losses despite ending the week lower. Gains in various sectors were bolstered by strong consumer confidence data. Upcoming releases from China and local labor data are anticipated.

EthereumCraftsman

2026-01-30 11:09:17

Abstract generation in progress

New Zealand’s benchmark S&P/NZX 50 rose 0.6% to close at 13,423 on Friday, recouping losses from the past two sessions, though the index still closed the week lower. Gains in financials, healthcare, and consumer non-durables outweighed declines in industrials and utilities. Market sentiment was underpinned by January’s local consumer confidence data, which climbed to its highest level in over four years at 107.2. Among individual stocks, Infratil led the gains, jumping 1.8%, followed by Auckland International Airport (+1.6%), A2 Milk (+0.9%), Contact Energy (+0.7%), Fisher & Paykel (+0.5%), and Spark NZ and EBOS Group (each up 0.4%). Looking ahead, China, New Zealand’s top trading partner, is set to release its PMI over the weekend, while local labour market data is due next week. Despite Friday’s gains, the NZX 50 declined 0.19% for the week and 0.92% for the month, reversing December’s modest rise.

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