New Zealand Stocks Climb 0.1% 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 Thursday, as the S&P/NZX 50 Index added 0.1% to 13938.94.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($877.5 million), Chorus is the biggest leader this morning, increasing 2.2%, and Precinct Prop New Zealand gained 1.7%. Meridian Energy rounds out the top three movers, as shares rose 1.6%.

Fletcher Building is the biggest early laggard, dropping 1.0%, followed by shares of Spark New Zealand, which slipped 0.5%. Shares of Genesis Energy slipped 0.4%.

On the currency front, the WSJ Dollar Index held steady at 95.71. The New Zealand dollar held steady against the U.S. dollar at 58.49 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield fell 1.87 basis points to 4.789%.

Data source: Dow Jones Market Data, FactSet

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