NZX Closes Higher on 25 June Amid Global Stability Signals

Index Update: New Zealand markets ended higher on 25 June 2026, driven by improved global sentiment and selective buying across key sectors. Easing concerns around geopolitical tensions and stabilizing offshore cues supported risk appetite. Investors also engaged in bargain hunting after recent market volatility. On the same day, S&P/NZX 50 Index witnessed a rise of 0.69% to end at 13,493.050.    

Macro Update: Stats NZ released economic snapshot (March 2026 quarter). Petrol prices increased 18.6% in March 2026, while diesel prices rose 42.6% over the same period. The surge was driven by supply disruptions following the outbreak of conflict in the Middle East at the end of February 2026. This spike came after both petrol and diesel prices had declined in January and February 2026.   

Market Movers: Among top gainers, New Talisman Gold Mines Limited (NZX: NTL) witnessed a rise of 20.00% to $0.012 per share. On the other hand, Santana Minerals Limited (NZX: SMI) declined by 7.69%.   

Commodity Update: Gold prices extended their decline in Asian trading on Thursday, remaining close to their lowest levels in more than seven months as a stronger U.S. dollar and expectations of additional Federal Reserve policy tightening reduced demand for the non-yielding precious metal. Gold declined 0.42% to USD 3,993.35 per ounce, while silver dropped 2.14% to USD 56.83 per ounce. Copper advanced 0.58% to USD 13,106.00 per metric ton. Meanwhile, Brent crude oil slipped 0.50% to USD 73.38 per barrel as concerns over Middle East supply disruptions continued to ease.  

Source: Charts by TradingView, Analysis: Kalkine Group  

The S&P/NZX 50 Index posted a solid rebound in the latest trading session, climbing 92.41 points, or 0.69%, to finish at 13,493.06 after bouncing from its immediate support level. With the benchmark continuing to trade comfortably above its key short-term support area, the prevailing upward trend remains intact. 

From a medium-term technical perspective, the outlook continues to improve. The index has successfully broken above the upper boundary of a symmetrical triangle formation, signalling strengthening market sentiment and increasing the probability of a sustained bullish reversal. This constructive view is reinforced by the 14-period Relative Strength Index (RSI), which has crossed above its midpoint and continues to trend higher, reflecting strengthening upward momentum. Provided the benchmark remains above the confirmed breakout level at 13,324.82, the recovery is expected to stay on track. If buying interest continues to strengthen, the index could advance toward its all-time high of 13,757.71, which represents the next major resistance level.  

Our Stance: As of now, the US equity markets have been highly selective and rotation-driven, with frequent shifts between technology and value sectors. Mega-cap tech and AI-related stocks continue to influence overall index direction, but volatility has increased due to valuation concerns. Despite volatility, the broader trend remains supported by strong earnings momentum and improving economic resilience. The New Zealand market has shown a gradual recovery. Inflation pressures and higher energy costs have supported volatility but also strengthened demand for stable, income-generating equities.