NZ Market Ends Higher Amidst Buying in Healthcare Sector

Index Update: On 23rd October 2025, the NZ market closed the trading session in green amidst strong buying in the healthcare sector. On the same day, S&P/NZX 50 Index witnessed a rise of 0.53% to end at 13,377.100 and S&P/NZX 20 Index rose by 0.43% to close at 7,673.630. Also, S&P/NZX 10 Index increased by 0.58% to 12,761.470. Notably, S&P/NZX All Health Care witnessed a rise of 1.51% to 2,941.460.    

Macro Update: Stats NZ stated that seasonally adjusted industry and household greenhouse gas (GHG) emissions in Aotearoa New Zealand witnessed a decline of 1.5% (287 kilotonnes) in the June 2025 quarter. The decline in emissions in the quarter was mainly because of the manufacturing industry, with most other industries also witnessing a fall in emissions. The seasonally adjusted emissions from households declined 0.6% (12 kilotonnes) during the June 2025 quarter.  

Market Movers: Among top gainers, Uvre Limited (NZX: UVA) witnessed a rise of 19.57% to end at $0.275 per share. On the other hand, Being AI Limited (NZX: BAI) fell by 25.00%.   

Commodity Update: The dollar edged higher on Thursday as investors awaited Friday’s delayed U.S. inflation data and monitored renewed tariff tensions between Washington and Beijing. Gold rose 0.69% to USD 4,093.05 per ounce, silver gained 0.47% to USD 47.90, and copper added 0.13% to USD 10,686.95. Brent crude advanced 1.76% to USD 64.35, extending gains after the U.S. imposed sanctions on Russian oil majors Rosneft and Lukoil.  

Source: Trading View, Analysis: Kalkine Group  

Following a brief corrective phase within a well-established broader uptrend marked by a consistent pattern of higher highs and higher lows, the S&P/NZX 50 Index has recently staged a breakout above its 2024 peak at 13,270. This upward breach confirms the continuation of the prevailing bullish structure and signals the potential for renewed upside momentum. Technically, the breakout opens the way for a possible retest of the all-time high at 13,636. Importantly, the former resistance level at 13,270 has now transitioned into a key support zone, which could underpin the next leg of the advance. While the index is presently experiencing a modest pullback, its ability to hold above this newly established support suggests that the broader uptrend remains intact and the overall technical outlook continues positive.  

Our Stance: It could be said that buying in the healthcare sector somewhat helped the broader NZ markets on 23rd October. It seems that tensions between the US and China are impacting the investors’ sentiments and broader US markets. While such macroeconomic factors will continue to impact the global and NZ markets, the investors are required to also focus on the earnings reports and the outlook provided by such companies.