NZ Market Closes Higher

Image Source : Krish Capital Pty Ltd

Index Update: On 15th August 2025, the broader NZ market ended higher amidst buying in the materials sector. On the same day, S&P/NZX 50 Index witnessed a rise of 0.43% to end at 12,889.380 and S&P/NZX 20 Index rose by 0.46% to 7,549.920. Also, the S&P/NZX 10 Index increased by 0.48%. Notably, strong buying was witnessed in the materials sector and S&P/NZX All Materials rose by 2.32%. Also, S&P/NZX All Financials rose by 1.40%.   

Macro Update: As per Stats NZ, NZ’s net migration gain, which was 13,700 in the June 2025 year, was down from the net gain of 70,400 in the June 2024 year. The critical driver of the decline in net migration in the June 2025 year was lower number of migrant arrivals of non-New Zealand citizens. Despite the decline in arrivals, there was a net migration gain of 60,200 non-NZ citizens, which more than mitigate the net loss of 46,500 NZ citizens.  

Top Market Movers: Among top gainers, Ventia Services Group Limited (NZX: VNT) rose by 6.62%. On the other hand, WasteCo Group Limited (NZX: WCO) declined by 11.76%.  

Commodity Update: The dollar held steady on Friday after stronger-than-expected U.S. inflation data led traders to scale back expectations for a rate cut from the Federal Reserve. Gold rose 0.22% to $3,392.20, silver inched up 0.01% to $38.07, and copper gained 0.22% to $9,788.00. Brent crude slipped 0.10% to $66.79 after prior gains, with focus on the upcoming U.S.-Russia meeting and its potential impact on global supply.  

Source: Trading View, Analysis: Kalkine Group  

Following a consolidation phase that came after a sustained rally starting in October 2023, the S&P/NZX 50 index has recently attempted to rebound and re-test the ascending trendline from below, though this effort has not yet succeeded. In the short term, caution is warranted as the index has broken below a minor double top formation. Immediate support lies at 12,614 points, and a decisive break below this level could trigger a further decline toward the next support around 12,421. Conversely, a breakout above the 12,983 level would signal renewed bullish momentum and potentially pave the way for a move to fresh highs. Additionally, the 14-day Relative Strength Index (RSI) has surpassed its midpoint in the last trading session, reflecting a shift from investor sentiment from negative to positive.  

Our Stance: It could be said that the buying in the materials sector somewhat helped the broader NZ market on August 15. The broader markets are expected to remain volatile amidst developments around trade policies and the Trump and Putin meeting. While the investors and traders continue to track the interest rate movements, caution should be maintained amidst volatile currency markets.