Broader NZ Markert Closes Higher

Index Update: On 7th November 2025, the broader NZ market closed in green amidst buying in the healthcare sector. On the same day, S&P/NZX 50 Index witnessed a rise of 0.16% to end at 13,599.210 and S&P/NZX 20 Index encountered an increase of 0.17% to close at 7,778.340. Also, S&P/NZX 10 Index rose by 0.09% to 12,992.340. Notably, strong buying was witnessed in the healthcare sector and S&P/NZX All Health Care rose by 0.98%.    

Macro Update: The first visit by India’s Commerce and Industry Minister and an Indian trade delegation ramped up trade talks and deepened the business ties, highlighted NZ’s Trade and Investment Minister. The free trade agreement is expected to accelerate the development of new partnerships as well as bring benefit to both countries. Once concluded, the FTA could unlock access to the dynamic and rapidly growing Indian economy, offering choice for the NZ’s exporters.   

Market Movers: Among top gainers, My Food Bag Group Limited (NZX: MFB) witnessed a rise of 8.89% to end at $0.245 per share. On the other hand, EROAD Limited (NZX: ERD) declined by 10.36%.   

Commodity Update: A mild pullback in the U.S. dollar and uncertainty over the prolonged U.S. government shutdown supported market sentiment on Friday. Gold rose 0.26% to USD 4,001.10 per ounce, while silver advanced 0.34% to USD 48.10. Copper added 0.37% to USD 10,715.00. Brent crude inched up 0.40% to USD 63.65 after three days of losses tied to oversupply and weakening U.S. demand, though it remained on track for a second weekly decline.  

Source: Trading View, Analysis: Kalkine Group  

Following a brief corrective phase within a well-established broader uptrend marked by a consistent pattern of higher highs and higher lows, the S&P/NZX 50 Index has recently staged a breakout above its 2024 peak at 13,270. This upward breach confirms the continuation of the prevailing bullish structure and signals the potential for renewed upside momentum. Technically, the breakout opens the way for a possible retest of the all-time high at 13,636. Importantly, the former resistance level at 13,270 has now transitioned into a key support zone, which could underpin the next leg of the advance. Moreover, after experiencing a modest pullback, the index is presently rebounding from this newly established support suggests that the broader uptrend remains intact and the overall technical outlook continues positive.  

Our Stance: It could be said that buying in the healthcare sector somewhat supported the broader NZ market on 7th November. As of now, the broader global equity markets are being impacted by the concerns related to AI bubble. Moving forward, the earnings release from the AI giant and expectations of the rate cut might provide some relief to the global investors. Furthermore, the investors are required to closely track the volatile commodity and currency markets.