New Zealand Stocks Rise 1.1%

Dow Jones13:30

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

Stocks in New Zealand gained Monday, as the S&P/NZX 50 Index added 1.1% to 13917.30.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($887.9 million), Meridian Energy was the biggest leader during the session, jumping 5.3%, and Auckland Intl Airport surged 3.4%. Fonterra Co-Operative Grp rounded out the top three movers, as shares increased 2.2%.

Mercury NZ was the biggest laggard, falling 1.5%, followed by shares of Ebos Group, which declined 1.2%. Shares of A2 Milk slipped 0.8%.

On the currency front, the WSJ Dollar Index fell 0.1% to 95.82. The New Zealand dollar strengthened 0.1% against the U.S. dollar to 59.20 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield declined 0.64 basis point to 4.748%.

Data source: Dow Jones Market Data, FactSet

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