Source: Krish Capital Pty Ltd

Index Update: On 16th September 2025, the NZ market ended higher amidst broad-based buying in the energy sector. On the same day, S&P/NZX 50 Index witnessed a rise of 0.20% to end at 13,234.890 and S&P/NZX 20 Index rose by 0.28% to 7,650.890. Also, S&P/NZX 10 Index increased by 0.36% to close at 12,760.530. Notably, significant buying was witnessed in the energy sector and S&P/NZX All Energy rose by 4.70%. 

Macro Update: As per Stats NZ, the food prices rose 5.0% in the 12 months ended August 2025, the same increase as in the 12 months ended July 2025. The higher prices for the grocery food group, up by 4.7%, contributed most to the annual rise in food prices. The price increase for the grocery food group was because of increased milk prices, cheese, and butter.   

Top Market Movers: Among top gainers, New Talisman Gold Mines Limited (NZX: NTL) witnessed a rise of 20.00% to $0.048 per share. On the other hand, Briscoe Group Limited (NZX: BGP) fell by 8.19%.  

Commodity Update: The U.S. dollar weakened on Tuesday as markets awaited the Federal Reserve’s expected policy easing. Gold prices touched a record before slipping 0.06% to $3,716.50. Silver dipped 0.11% to $42.91, and copper declined 0.53% to $10,112.00. Brent crude rose 0.30% to $67.63, extending gains amid Ukraine’s strikes on Russian oil facilities, which heightened supply concerns. Meanwhile, Russia launched a major assault on Zaporizhzhia after recent Ukrainian attacks. 

Source: Trading View, Analysis: Kalkine Group 

After beginning a short-term rally in April 2025, the S&P/NZX 50 index has recently revisited its 2024 peak at 13,270. Additionally, the index continues to register higher highs and higher lows, signaling that the uptrend is still intact. A decisive break above this resistance would strengthen bullish momentum and potentially pave the way for a test of the all-time high at 13,636. On the downside, immediate support lies at 12,750, with a breach of this level serving as an early warning signal. Meanwhile, the 14-day Relative Strength Index (RSI) is heading north from its midpoint, reflecting a positive market sentiment. 

Our Stance: It could be said that buying in the energy sector somewhat supported the broader NZ market on 16th September. While the market players continue to expect a rate cut by the US Fed, the investors are required to closely evaluate the outlook of the interest rates for the remainder of the year. The macro-economic developments and geopolitical worries can influence the rate cut decision. On September 18, the data about initial jobless claims is expected to be released.  

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