Market Announcements
Market Summary
New Zealand’s sharemarket has ignored a strong lead from Wall Street to trade flat.
The NZX 50 dipped 0.04% to 13,136.54 points on Tuesday, with 39.4 million shares changing hands valued at just over $125.2m.
There were 80 gainers and 64 decliners.
United States' benchmarks, the S&P 500 and the tech-heavy Nasdaq Composite, are trading at record highs, with the latter closing up 0.70% in the Monday trading session.
Nvidia jumped 4% overnight after announcing plans to invest up to US$100 billion (NZ$170.9b) in OpenAI to fund new data centres and AI infrastructure.
Apple added 4.3%, extending its one-month rally to over 12%, with the stock approaching a record high as its market value nears US$4 trillion.
The local exchange missed out on the rally due to a lack of exposure to technology stocks.
Oracle Corp stock had jumped 6% on news that it was involved in the deal for social media platform, TikTok.
The movers
One company that did appear to cash in on happenings in the US was Infratil which lifted 1.24% to $12.25. The OpenAI deal was one of many recent transactions in the US that had “reinforced the cloud and AI thematic”, which Infratil is exposed to through its investment in Canberra Data Centres (CDC).
Fisher & Paykel Healthcare dominated volumes, with over $20.5m in turnover.
After a tough start to the year, the largest company on the exchange is edging towards breakeven in 2025 and is up over 15% over the past six months. It dropped 1.55% to $37.40 on Tuesday.
Travelling in the other direction was Ebos Group, which gained 2.93% to $29.54 after several days of volatility linked to its addition to the ASX 200.
Gold rush
Across the Tasman, the ASX 200 had climbed 0.43% by 5pm, taking it up to a near 8% lift for the calendar year.
The price of gold, which typically rises in periods of uncertainty, is trading near all-time highs and edging close to US$4,000.
As with the lack of technology exposure, the NZX did not cash in on the minerals rally that helped lift the Australian benchmark.
An hour before close on the ASX, Emerald Resources and Westgold Resources were up 4.77% and 3.7% respectively.
In NZ, Santana Minerals rose 2.81% to 91.5 cents on volumes worth $535,000.
Daily volumes of Smart's Gold exchange-traded fund (ETF), which tracks the price of the mineral, have been elevated in recent weeks, climbing over $1m in value traded for the first time in late August. They were over $400,000 on Tuesday.
Dual-listed retailer KMD Brands will report full-year earnings on Wednesday, with Fonterra set to report later in the week.
KMD Brands lost 2.13% to 23 cents, while Fonterra Shareholders' Fund ticked 2.69% higher to $7.45.
Source: BusinessDesk
Australian Market Report
Ahead of the local open SPI futures were 6 points higher at 8865.
- close [Morningstar with AAP]: Australia's share market has posted three straight sessions of gains for the first time in more than a month, led by a rally in banks and miners.
The S&P/ASX200 advanced 35 points, or 0.40 per cent, to 8,845.9 as the broader All Ordinaries lifted 35.7 points, or 0.39 per cent, to 9,137.8.
"The rally in the ASX200 today came as the bullish fever witnessed on Wall Street in recent weeks finally gripped the local bourse, which has spent most of this month stubbornly pinned about one per cent either side of the 8800 handle," IG Markets analyst Tony Sycamore said.
"The strong performance was led by the ASX200 financial sector and its big banks which returned to favour."
All big four banks traded higher, led by a one per cent boost to NAB shares, while CBA pushed 0.8 per cent higher to $166.87.
Eight of the 11 local sectors finished in the green, as real estate, consumer staples and IT stocks fell behind.
The materials sector rose to a 12-month high during the session, as large cap miners BHP (+0.5 per cent) and Rio Tinto (+1.2 per cent) edged higher while Fortescue slipped 1.1 per cent after publishing its climate transition plan.
Gold continued its record-breaking run, hitting a fresh peak of $US3,759 ($A5,700) an ounce on Tuesday morning, supporting ASX-listed producers like Northern Star (+3.2 per cent), Westgold Resources (+3.8 per cent) and Newmont (+1.4 per cent).
Uranium plays continued to show strength, Paladin Energy gaining 2.4 per cent to $8.68 while enrichment technology company Silex Systems has rocketed more than 40 per cent since the same time last week to $6.03.
The sector has been boosted by news commodity trading giant Mercuria will expand into physical uranium, nuclear reactor restarts elsewhere and supply cuts from the world's largest uranium producer Kazatomprom.
Real estate underperformed the broader market as Goodman Group and Stockland gave up more than 0.6 per cent each.
Consumer staples slipped 0.3 per cent as Coles and Woolworths faded 0.5 per cent each, while the discretionary side of retail edged higher.
Health care stocks continued to find support to post a third session of gains as Telix Pharmaceuticals rallied more than nine per cent, beating out the top-200 after its prostate cancer imaging agent was approved for a US health care reimbursement scheme.
At the other end of the table was gold producer Vault Minerals, which slipped 4.4 per cent after cutting its 2026 financial year production guidance.
The Australian dollar is buying 65.93 US cents, down slightly from 65.95 US cents on Monday at 5pm.
On Wednesday, the Australian Bureau of Statistics will release its monthly inflation indicator, with consensus estimates tipping an uptick to 2.9 per cent in the year to August from July's 2.8 per cent figure.
ON THE ASX:
The S&P/ASX200 rose 35 points on Tuesday, or 0.40 per cent, to 8,845.9
The broader All Ordinaries gained 35.7 points, or 0.39 per cent, to 9,137.8
The NZX 50 Lost -5.21 points (-0.04%) to 13131.33
Companies commencing Ex-Dividend Trading Today (ASX 300):
Atlas Arteria
Imdex Limited
Overseas Market Report
[Morningstar with Dow Jones]:
U.S. stocks ended lower. The DJIA dropped 0.2% to 46,292.78, the S&P 500 declined 0.6% to 6,656.92 and the Nasdaq dropped 0.9% to 22,573.47.
Among S&P 500 companies, the top three gainers were Halliburton Co HAL surging 7.41%, McKesson Corp MCK jumped 6.37%, and Texas Pacific Land Corp TPL lifted 6.32%.
The biggest decliners were Generac Holdings Inc GNRC which dropped 10.27%, Enphase Energy Inc ENPH fell 7.78%, and Vistra Corp VST lost 6.30%.
Asia
Chinese shares closed lower. The benchmark Shanghai Composite Index slipped 0.2% to 3,821.83 and the Shenzhen Composite Index declined 0.8% to 2,467.01.
Hong Kong shares ended lower. The benchmark Hang Seng Index slipped 0.7% to 26,159.12.
Japanese shares ended higher. The Nikkei Stock Average rose 1% to 45,493.66.
India shares ended flat. The BSE SENSEX was unchanged at 82,135.77.
Europe
Stocks in the U.K. finished flat. The FTSE 100 Index was unchanged at 9,223.32. In Europe, shares closed higher. The Germany's DAX gained 0.4% to 23,611.33, and the France's CAC 40 lifted 0.5% to 7,872.02
