New Zealand Stocks Climb 1.0%

Dow Jones09-02 13:30

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

Stocks in New Zealand gained Wednesday, as the S&P/NZX 50 Index gained 1.0% to 13930.57.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($875.9 million), Mercury NZ was the biggest leader during the session, increasing 2.7%, and Chorus gained 2.7%. Genesis Energy rounded out the top three movers, as shares rose 2.6%.

Vector was the biggest laggard, slipping 0.8%, followed by shares of Summerset Group Holdings, which slipped 0.4%.

On the currency front, the WSJ Dollar Index gained 0.1% to 95.96. The New Zealand dollar weakened 0.9% against the U.S. dollar to 58.41 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield declined 1.67 basis points to 4.791%.

Data source: Dow Jones Market Data, FactSet

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