NZ Market Ends Marginally Higher

                                                               Source: Krish Capital Pty Ltd

Index Update: On 10th September 2025, the broader NZ market ended marginally higher as S&P/NZX 50 Index witnessed a rise of 0.17% to end at 13,276.240. On the same day, S&P/NZX 20 Index and S&P/NZX 10 Index witnessed a rise of 0.11% and 0.27%, respectively. Notably, strong buying was encountered in the financials sector and S&P/NZX All Financials rose by 1.78%.  

Macro Update: Stats NZ released data about international travel (July 2025). The overseas visitor arrivals stood at 236,600 in July 2025, reflecting an increase of 14,700 from July 2024. The biggest changes were in arrivals from Australia (a rise of 17,700), China (down by 3,700), and the US (down by 1,200). Notably, the total number of overseas visitor arrivals in July 2025 stood at 93% of the 255,600 in July 2019 (before the pandemic).  

Top Market Movers: Among top gainers, Pacific Edge Limited (NZX: PEB) witnessed a rise of 12.77% to $0.159 per share. On the same day, WasteCo Group Limited (NZX:WCO) declined by 11.11% to $0.016 per share.  

Commodity Update: The U.S. dollar held firm on Wednesday ahead of key inflation data that could shape upcoming Federal Reserve rate decisions. In commodities, gold slipped 0.23% to $3,674.10, while silver rose 0.73% to $41.64 and copper inched up 0.06% to $9,934.20. Brent crude gained 0.70% at $66.92, supported by Middle East tensions after Israel struck Hamas targets in Qatar and reports of potential new U.S. sanctions on Russian oil buyers. 

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 the buying in the financials sector somewhat helped the NZ market on 10 September. While the investors continue to assess the chances of the rate cut, the broader markets remain volatile amidst fluctuating commodity and currency markets, uncertain trade policies, etc. RBNZ stated that the headline inflation is anticipated to reach to 3.0% in the quarter ended September 2025, demonstrating large increases in administered prices, food prices, as well as the prices of other tradable goods and services.