NZX 50 Index Ends Higher

Image Source : Krish Capital Pty Ltd

Index Update:  On 25th July 2025, the broader NZ market closed the session higher amidst broad-based buying momentum. On the same day, S&P/NZX 50 Index witnessed a rise of 0.38% to end at 12,853.460 and S&P/NZX 20 Index rose by 0.53% to close the session at 7,538.920. Also, S&P/NZX 10 Index increased by 0.49% to 12,588.810. The Financials sector witnessed some buying, and S&P/NZX All Financials rose by 1.57% to end at 1,546.190. However, S&P/NZX All Information Technology declined by 2.90%.   

Macro Update:  As per the FEU dated 18 July 2025, near-term inflation pressures have witnessed an increase. Furthermore, the soft housing market data along with the previously reported labour market weakness seems to be weighing on the cautious household spending. The total electronic card spending declined by a seasonally adjusted 0.2% in the month of June after the 0.3% lift in May. FEU also stated that the monthly retail spending increased 0.5% in June, the first increase in 4 months.   

Top Market Movers:  Among top gainers, Metro Performance Glass Limited (NZX: MPG) witnessed a rise of 6.38% to end at $0.05 per share. On the other hand, Gentrack Group Limited (NZX: GTK) fell by 5.48%.  

Commodity Update:  The dollar held near two-week lows Friday, heading for its largest weekly drop in a month amid U.S. tariff talks and upcoming central bank meetings. Gold dipped 0.23% to $3,365.90, while silver rose 0.61% to $39.46. Copper was nearly flat, up 0.01% at $9,877.10. Brent crude climbed 0.30% to $69.35, supported by hopes of a U.S.-EU trade deal and Russian gasoline export curbs.  

Source: Trading View, Analysis: Kalkine Group   

After experiencing a period of consolidation that followed a sustained upward rally beginning in October 2023, the S&P/NZX 50 index broke decisively above a key resistance level at 12,881 points - an area previously marked by its former peak. This breakout suggests renewed bullish momentum in the market and signals the potential for further upside movement. If the current trend continues, the index may be poised to retest its most recent high, which lies around 13,250 points. Supporting this bullish outlook, the 14-day Relative Strength Index (RSI) is currently trending upward from the midpoint, indicating strengthening market momentum and improving investor sentiment.  

Our Stance:  It could be said that the buying in financials sector somewhat supported the broader NZ market on 25th July. A range of macro-economic events are impacting the broader global and NZ markets, which include the US tariff talks and upcoming US Federal Reserve meet. The market players are required to track the data points which can impact the inflation numbers. Also, broader US markets might also be influenced by the ongoing earnings season.