NZ Market Ends on a Flat Note

                                                               Source: Krish Capital Pty Ltd

Index Update: On 23rd September 2025, the broader NZ market ended the trading session on a flat note as S&P/NZX 50 Index witnessed a marginal decline of 0.04% to end the trading session at 13,136.540. On the same day, S&P/NZX 20 Index closed at 7,562.300 and S&P/NZX 10 Index declined by just 0.03% to end at 12,656.160. Notably, healthcare sector witnessed a sell-off and S&P/NZX All Health Care declined by 0.89%.    

Macro Update: New Zealand Foreign Affairs & Trade released Weekly Global Economic Report – 22 September 2025. Notably, NZ joined 14 other countries in launching Future of Investment and Trade (FIT) Partnership. The plurilateral initiative supports in bringing together small and medium-sized trade-dependent economies as well as has been designed to address emerging trade issues and generate trade and investment opportunities. 

Top Market Movers: Among top gainers, Trade Window Holdings Limited (NZX: TWL) witnessed a rise of 9.43% to end at $0.29 per share. On the other hand, Chatham Rock Phosphate Limited (NZX: CRP) fell by 12.50% to $0.07 per share. 

Commodity Update: The U.S. dollar softened in early Asian trading on Tuesday as Federal Reserve comments guided focus toward upcoming core PCE data. Attention also centered on the global effects of President Trump’s economic policies. Gold gained 0.05% to $3,777.10, silver slipped 0.35% to $44.05, and copper eased 0.18% to $9,983.10. Brent crude fell 0.45% to $66.26, pressured by geopolitical tensions in the Middle East and Russia, alongside tariff concerns dampening fuel demand. 

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: Moving forward, it could be said that President Trump’s economic policies would be significantly impacting the global markets and investors’ sentiments. The market participants continue to look for hints as to where the interest rates are headed. On September 26, data about the PCE index is expected to be released. While trade uncertainties might continue to affect the markets, investors are required to also track the macro-economic news.