{"id":186247,"date":"2025-12-16T09:12:09","date_gmt":"2025-12-16T09:12:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/186247\/"},"modified":"2025-12-16T09:12:09","modified_gmt":"2025-12-16T09:12:09","slug":"nz-sharemarket-steady-after-half-year-economic-and-fiscal-update-market-close","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/186247\/","title":{"rendered":"NZ sharemarket steady after half-year economic and fiscal update \u2013 Market close"},"content":{"rendered":"

Investors in the US are eagerly awaiting the delayed jobs and inflation report to get a gauge on where their economy is heading.<\/p>\n

The Nasdaq Composite was down 0.59% to 23,057.41 points; the S&P 500 decreased 0.16% to 6816.51; and the Dow Jones Industrial Average was flat at 48,416.56.<\/p>\n

Asian Pacific markets were also weaker. The Hong Kong Hang Seng Index had fallen 1.91% to 25,139.16 points at 5.45pm NZT; the Japanese Nikkei 250 was down 1.26% to 49,536.74; the Shanghai Composite had declined 1.22% to 3820.85; and across the Tasman the S&P\/ASX 200 Index had decreased 0.54% to 8588.7.<\/p>\n

Lister said in New Zealand the half-year economic and fiscal update and the latest housing data were \u201ca little disappointing and more sluggish than expected. At the moment we aren\u2019t seeing a recovery taking a big hold\u201d.<\/p>\n

The Treasury downgraded its fiscal outlook<\/a>, pushing out a return to surplus in the operating balance before gains and losses to 2029\/30. Net core Crown debt as a share of GDP is forecast to peak at 46.9% in 2027\/28 before dipping to 46.1% in 2029\/30.<\/p>\n

The seasonally adjusted REINZ house price index was down 0.3% in November, following a 0.2% fall last month in October.<\/p>\n

ANZ said sales volumes fell, and with plenty of listings hitting the market, downward pressure on prices has emerged. \u201cThis is weaker than our expectation of small increases by now.\u201d<\/p>\n

There is still brighter news in the primary sector. Meat and wool exports are forecast to lift 7% to $13.2 billion in the year to June next year, and horticulture export revenue will increase 5% to $9.2b.<\/p>\n

On the local market, a2 Milk increased 29c or 2.81% to $10.60; Turners Automotive was up 15c or 1.9% to $8.05; Delegat Group gained 14c or 3.06% to $4.72; Napier Port added 7c or 1.89% to $3.77; and Eroad improved 3c or 2.65% to $1.16.<\/p>\n

Comvita increased 2.5c or 4.9% to 53.5c ahead of its annual meeting.<\/p>\n

In the energy sector, Mercury was up 11c to $6.32, and Meridian<\/a> increased 14c or 2.56% to $5.60 after reporting a 12.1% rise in retail sales volumes compared with November last year. Residential sales rose 23.2%, including Flick customers, and the small-medium segment was up 10.2%.<\/p>\n

In the month to December 8, national hydro storage increased from 143% to 153% of historical average. South Island storage reached 157% of average and North Island storage 132%. National electricity demand was 5.9% higher than November last year.<\/p>\n

Contact was down 5c to $9.25 after reporting mass market electricity and gas sales of 319GWh in November compared with 290GWh in the same month last year.<\/p>\n

Electricity generated or acquired was 1014GWh compared with 741GWh in November last year, and the unit generation cost was $39.62 per MWh, up from $34.43. As at December 11, South Island controlled storage was 157% of mean and North Island 129%.<\/p>\n

Gentrack fell a further 31c or 3.53% to $8.48; Hallenstein Glasson was down 29c or 2.87% to $9.81; Third Age Health declined 30c or 4.23% to $6.79; Vista Group decreased 7c or 2.59% to $2.63; and Oceania Healthcare shed 3c or 3.23% to 90c.<\/p>\n

Channel Infrastructure was down 7c or 2.55% to $2.68 after telling the market it was investing $30m for upgrades at the Marsden Point fuel import terminal as part of the energy precinct redevelopment.<\/p>\n

The upgrades include relocating the control room on land designated for the biorefinery project and constructing a new administration building.<\/p>\n

New Talisman Gold Mines, up 0.001c or 3.7% to 2.8c, has raised $679,088 through a private placement of shares at 2.2c each.<\/p>\n

Rua Bioscience, gaining 0.002c or 7.41% to 3c, has completed its $2.316m rights offer at 2.5c a new share. This included $282,000 worth of oversubscriptions.<\/p>\n

Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"Investors in the US are eagerly awaiting the delayed jobs and inflation report to get a gauge on…\n","protected":false},"author":2,"featured_media":186248,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[74,95,9526,651,15293,10668,3026,1872,37078,96972,225,111,43,139,69,4732,6777,1125,9939,83116,9938,1803,22390,80],"class_list":["post-186247","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-after","tag-and","tag-another","tag-close","tag-continued","tag-economic","tag-especially","tag-face","tag-fiscal","tag-halfyear","tag-market","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-offshore","tag-performance","tag-sharemarket","tag-states","tag-steady","tag-united","tag-update","tag-volatility","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/186247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=186247"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/186247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/186248"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=186247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=186247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=186247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}