New Zealand Stocks Gain 0.3% in Early Trading

Dow Jones06:30

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

Stocks in New Zealand rose during early trading Monday, as the S&P/NZX 50 Index rose 0.3% to 13805.02.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($887.1 million), Precinct Prop New Zealand is the biggest leader this morning, rising 2.0%, and Chorus gained 1.8%. A2 Milk rounds out the top three movers, as shares increased 1.1%.

Fisher & Paykel Health is the biggest early laggard, slipping 0.6%, followed by shares of Freightways Group, which slipped 0.4%.

On the currency front, the WSJ Dollar Index was flat at 95.92. The New Zealand dollar held steady against the U.S. dollar at 59.13 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield held steady at 4.754%.

Data source: Dow Jones Market Data, FactSet

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