Index Update: On 19th November 2025, the broader NZ market closed the trading session in red amidst decline in the energy sector. On the same day, S&P/NZX 50 Index witnessed a decline of 0.12% to end at 13,326.900 and S&P/NZX 20 Index fell by 0.15%. Also, S&P/NZX 10 Index encountered a fall of 0.12% to close at 12,704.570. S&P/NZX All Energy witnessed a decline of 1.52% to end at 2,382.900.    

Macro Update: In the FEU dated 6th November, it was mentioned that despite heightened trade uncertainty, Asian economies grew at a strong pace in the September quarter, thanks to the strength in tech exports. That being said, leading indicators of export activity in October exhibited a slowdown in external demand.   

Market Movers: Among top gainers, Radius Residential Care Limited (NZX: RAD) witnessed a rise of 6.67% to end at $0.4 per share. New Talisman Gold Mines Limited (NZX: NTL) fell by 23.08% to $0.04 per share.  

Commodity Update: The yen steadied and the U.S. dollar held firm in early Asian trade on Wednesday as investors shifted to safe havens after a global stock selloff. Gold rose 0.26% to USD 4,077.20 per ounce, while silver gained 0.81% to USD 50.96 and copper added 0.57% to USD 10,758.50. Brent crude slipped 0.40% to USD 64.61 amid rising U.S. inventories and anticipation over upcoming U.S. sanctions on Russian oil firms.  

Source: Trading View, Analysis: Kalkine Group  

The S&P/NZX 50 Index eased by 15.91 points, or 1.16%, in the latest session, marking a second consecutive close below the 50-day SMA and reflecting softening short-term momentum. Despite this near-term negative development, the index remains above a key support zone defined by the 2024 peak and continues to maintain a structure of higher highs and higher lows, indicating that the broader uptrend is still intact. Immediate support is located at 13,270 points. If the index holds above this level, the overall bullish trend remains favorable, with a strong likelihood of another push higher toward the all-time high at 13,725 points. However, if this support fails, the next downside objective may emerge around the 13,000-point area before the longer-term uptrend potentially resumes.  

Our Stance: It could be said that selling in the energy sector somewhat impacted the NZ market on 19th November. As of now, the investors’ sentiments are being impacted by the shift around the trade policy expectations as well as uncertain monetary policies. Moving forward, the broader NZ markets are expected to be influenced by the macro-economic updates. On November 27, Stats NZ would be releasing data about retail trade survey (September 2025 quarter).  

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!