Source: Krish Capital Pty Ltd 

Index Update: On 1st October 2025, the NZ market ended in green amidst buying in the consumer staples sector. On the same day, S&P/NZX 50 Index witnessed a rise of 1.07% to end at 13,433.990 and S&P/NZX 20 Index increased by 1.07%. Also, S&P/NZX 10 Index encountered a rise of 1.16% to close at 12,869.120. Notably, strong buying was witnessed in the consumer staples sector and S&P/NZX All Consumer Staples rose by 3.38%.  

Macro Update: As per Stats NZ, there were 34,078 new homes consented in Aotearoa NZ in the year ended August 2025, reflecting a rise of 1.3% as compared to the year to August 2024. The uptick in consented homes was partly because of the multi-unit developments in Auckland and Otago. The stand-alone houses consented increased 1.0% to 15,755 in the year ended August 2025.  

Top Market Movers: Among top gainers, Rua Bioscience Limited (NZX: RUA) witnessed a rise of 11.11% to end at $0.04 per share. On the same day, Manuka Resources Limited (NZX: MKR) declined by 6.25% to $0.075 per share. 

Commodity Update: Gold climbed 0.40% to $3,889.05, silver advanced 1.79% to $47.48, while copper slipped 0.08% to $10,279.80. Brent crude rose 0.20% to $66.15, supported by a draw in U.S. inventories after sharp losses on renewed OPEC+ output concerns. 

A graph of stock market AI-generated content may be incorrect. 

Source: Trading View, Analysis: Kalkine Group 

The S&P/NZX 50 Index opened on a positive note and advanced 141.63 points, closing 58.37 points higher. Currently, the index is trading above its 21-period SMA, which provides potential short-term support near the 13,050 level. A decisive break below this zone could accelerate downside momentum toward the 12,800-12,600 range, signaling a shift toward bearish sentiment in the near term. On the weekly timeframe, however, the index remains above its 50-period SMA, offering a contrasting view. This suggests a relatively stable longer-term outlook, with the broader trend still underpinned by underlying strength.  

Our Stance: It could be said that buying in the consumer staples sector somewhat supported the broader NZ market on 1 Oct. As of now, the investors are concerned about the US government shutdown and its potential impact on the broader equities. Amidst such uncertain environment, the investors are required to be cautious. Furthermore, the market experts are also focused on the length of this shutdown.  

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