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New Zealand Stocks Fall 1.5%

Dow Jones03-24

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

Stocks in New Zealand fell Tuesday, as the S&P/NZX 50 Index declined 1.5% to 12701.75.

Among local companies with a market cap of at least 1.5 billion New Zealand dollars ($873.9 million), A2 Milk was the biggest laggard, dropping 3.3%, followed by shares of Mercury NZ, which declined 3.0%. Shares of Freightways Group dropped 2.6%.

Summerset Group Holdings was the biggest leader during the session, gaining 2.4%, and Fonterra Co-Operative Grp rose 1.3%. Vector rounded out the top three movers, as shares climbed 0.2%.

On the currency front, the WSJ Dollar Index gained 0.3% to 96.31. The New Zealand dollar strengthened 0.6% against the U.S. dollar to 58.26 U.S. cents.

In the bond markets, the 10-year New Zealand government bond yield declined 4.43 basis points to 4.845%.

Data source: Dow Jones Market Data, FactSet

 

(END) Dow Jones Newswires

March 24, 2026 00:30 ET (04:30 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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