Source: Krish Capital Pty Ltd

Index Update: On 24th September 2025, the broader NZ market closed the trading session in green amidst buying in the consumer staples sector. On the same day, S&P/NZX 50 Index witnessed a rise of 0.34% to close at 13,181.310 and S&P/NZX 20 Index encountered a rise of 0.31% to 7,585.830. Also, S&P/NZX 10 Index rose by 0.39%. S&P/NZX All Consumer Staples encountered a rise of 1.83% to end at 4,052.050.  

Macro Update: As per FEU dated 11 September 2025, the manufacturing sales volumes declined 2.9% in the quarter ended June after the 2.4% QoQ rise in March. This fall was accompanied by the drop in inventories (-16.4% QoQ). Notably, meat and dairy manufacturing declined (-4.8% QoQ) as it seems that the farmers were holding back stock in order to maximise returns.  

Top Market Movers: Among top gainers, KMD Brands Limited (NZX: KMD) witnessed a rise of 6.52% to end at $0.245 per share. On the other hand, Trade Window Holdings Limited (NZX: TWL) declined by 12.07% to $0.255 per share. 

Commodity Update: The U.S. dollar firmed from near one-week lows on Wednesday as traders priced in two more rate cuts this year, despite Fed Chair Jerome Powell’s cautious stance. Gold dropped 0.73% to $3,787.50, silver fell 0.98% to $44.17, and copper eased 0.09% to $9,982.10. Brent crude rose 0.40% to $67.88, supported by stalled Kurdish oil exports, a bigger U.S. inventory draw, and rising geopolitical tensions around Russia. 

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 consumer staples sector somewhat supported the broader NZ market on 24 September. As of now, the broader global markets are being impacted by the ongoing geopolitical risks. Furthermore, the uncertainty related to the trade policies has been adding to investors’ concerns. RBNZ, in the release dated 20 August, stated that house prices have witnessed a fall to the level within its range of sustainable house price estimates.  

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!