New Zealand Stocks Drop 0.6% in Early Trading

Dow Jones
Jul 13

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in New Zealand slipped during early trading Monday, as the S&P/NZX 50 Index fell 0.6% to 13703.93.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($863.4 million), A2 Milk is the biggest early laggard, dropping 4.0%, followed by shares of Fletcher Building, which fell 2.5%. Shares of Meridian Energy dropped 1.4%.

Kiwi Property Group is the biggest leader this morning, rising 0.5%, and Port of Tauranga climbed 0.5%. Infratil rounds out the top three movers, as shares climbed 0.3%.

On the currency front, the WSJ Dollar Index added 0.1% to 97.32. The New Zealand dollar weakened 0.2% against the U.S. dollar to 57.54 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield held steady at 4.597%.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

July 12, 2026 18:31 ET (22:31 GMT)

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