Image Source : Krish Capital Pty Ltd

Index Update: On 27th August 2025, the NZ market closed lower amidst selling in the broader market. On the same day, S&P/NZX 50 Index witnessed a decline of 0.74% to end at 12,861.840 and S&P/NZX 20 Index fell by 0.94% to close at 7,513.020. Also, S&P/NZX 10 Index witnessed a decline of 1.00%. Notably, significant selling was witnessed in the healthcare sector and S&P/NZX All Health Care declined by 3.05%.  

Macro Update: Recently, RBNZ stated that NZ’s economic recovery stalled in the second quarter. Furthermore, the spending by households as well as businesses was constrained by global economic policy uncertainty, declining employment, increased prices for some essentials, and declining house prices. Notably, the near-term inflation expectations have witnessed an increase, mainly for households.  

Top Market Movers: Among top gainers, Metro Performance Glass Limited (NZX: MPG) witnessed a rise of 12.72% to end at $0.039 per share. On the other hand, EBOS Group Limited (NZX: EBO) declined 13.87% to close at $33.850 per share.   

Commodity Update: The dollar remained under pressure on Wednesday as concerns over the Federal Reserve’s independence resurfaced after President Trump’s latest move to exert influence on the central bank. Gold inched up 0.01% to $3,433.60, while silver slipped 0.08% to $38.575 and copper eased 0.02% to $9,845.65. Brent crude edged down 0.06% to $66.66, with oil prices steady as markets awaited new U.S. tariffs on India’s Russian crude imports.  

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. Despite a brief pullback, 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 hovering around the neutral zone, reflecting balanced market sentiment.  

Our Stance: It could be said that selling in the healthcare sector somewhat impacted the broader NZ market on 27th August 2025. As of now, the overall markets are being affected by the news related to the corporate earnings, hopes about the rate cuts, etc. Recently, RBNZ stated that the tariffs have been causing changes to the global trading patterns but have so far had a limited impact on the aggregate global trade volumes. On August 28, the data about employment indicators (July 2025) is expected to be released.  

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