Index Update: On 13th November 2025, the broader NZ market ended the trading session in red amidst selling in the financials sector. On the same day, S&P/NZX 50 Index witnessed a fall of 0.54% to end at 13,597.870 and S&P/NZX 20 Index declined by 0.52% to 7,789.780. Also, S&P/NZX 50 Portfolio Index encountered a fall of 0.18%. Notably, significant selling was witnessed in the financials sector and S&P/NZX All Financials declined by 4.60%.    

Macro Update: Stats NZ released data about electronic card transactions (October 2025). The spending in the retail industries rose 0.2% (or $11 million) and spending in the core retail industries increased 0.2% (or $10 million) as compared to September 2025 month. The non-retail (excluding services) category declined by $7.2 Mn from September 2025.   

Market Movers: Among top gainers, Mainfreight Limited (NZX: MFT) witnessed a rise of 8.73% to end at $68.5 per share. On the other hand, WasteCo Group Limited (NZX: WCO) declined by 11.76%.   

Commodity Update: The yen hovered near a record low against the euro and a nine-month low versus the dollar after Japan’s new prime minister urged the central bank to proceed cautiously on rate hikes. Gold slipped 0.25% to USD 4,202.90 per ounce, while silver and copper edged higher. Brent crude dipped 0.03% to USD 62.69 as rising U.S. inventories fueled concerns over ample global supply amid subdued demand.  

Source: Trading View, Analysis: Kalkine Group  

After a brief corrective phase within a well-defined long-term uptrend characterized by consistent higher highs and higher lows, the S&P/NZX 50 Index has recently broken above its 2024 high at 13,270. This breakout confirms the ongoing bullish trend and indicates potential for further upside momentum. From a technical perspective, the move opens the path toward a possible retest of the all-time high at 13,636. Notably, the previous resistance at 13,270 has now turned into a key support area, which may serve as a foundation for the next advance. Additionally, following a minor pullback, the index is now rebounding from this support level and then surpassed its most recent peak in the last trading session, reinforcing that the broader uptrend remains intact and the overall technical outlook stays positive.  

Our Stance: It could be said that significant selling in the financials sector somewhat impacted the broader NZ market on 13 November. As of now, it seems that the earnings releases have been influencing the broader US market. While there is uncertainty related to the trade and tariffs, the investors need to also focus on the volatile commodity markets. Also, emphasis should be on rate-sensitive sectors. Therefore, it is important to have a cautious stance.  

You Are a Few Steps Away From Gaining Smart Market Insights

Sign up/Login Now and Gain Access to Exciting Opportunities from Investor and Resource Space!