{"id":236569,"date":"2026-01-16T16:20:19","date_gmt":"2026-01-16T16:20:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/236569\/"},"modified":"2026-01-16T16:20:19","modified_gmt":"2026-01-16T16:20:19","slug":"nz-sharemarket-up-1-3-for-the-year-market-close","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/236569\/","title":{"rendered":"NZ sharemarket up 1.3% for the year \u2013 Market close"},"content":{"rendered":"

Manufacturing activity in New Zealand is now the highest in four years<\/a>, according to the BNZ-BusinessNZ Performance of Manufacturing Index (PMI).<\/p>\n

The index reached 56.1 in December, up from 51.4 in November \u2013 its best reading since December 2021 and well above the long-term survey of 52.5.<\/p>\n

Shane Solly, portfolio manager with Harbour Asset Management, said the better-than-expected PMI update is another sign the economy is recovering, though some are seeing weakness in the number of business closures.<\/p>\n

He said the increased activity is benefiting companies like Fletcher Building and Mainfreight. Fletcher was still cautious in its trading update, but there is a better tone towards economic activity.<\/p>\n

Fletcher rose 12c or 3.18% to $3.89, and Mainfreight was up 49c to $68.99.<\/p>\n

Ebos Group increased 28c to $26.46. Solly said, \u201cWe\u2019ve seen very heavy selling in Ebos from offshore, but we might be getting through to the other side of it.\u201d<\/p>\n

Infratil, which traded at $12.67 in early November, was up 7c to $11.26 on the back of a recovery in overseas tech stocks.<\/p>\n

Taiwan Semiconductor Manufacturing Co, a major supplier to the industry, reported stronger quarterly profit than analysts expected and said it could boost its equipment investment to US$56 billion ($97.2b) to take advantage of the artificial intelligence (AI) boom.<\/p>\n

Nvidia was up 2.1% to US$186.99. Solly said the continued demand for chips is positive for datacentres, and this benefits Infratil. <\/p>\n

There had been quite a debate about the capital expenditure for AI.<\/p>\n

He said there was also a bounce-back in New Zealand tech stocks.<\/p>\n

\u201cWe\u2019ve been seeing some weakness and wariness in that sector over the use of vibe coding, one of the AI tools, and replacing existing software applications.\u201d<\/p>\n

Other stocks<\/p>\n

Vista Group increased 5c or 2.27% to $2.25; Gentrack was up 19c or 2.3% to $8.46; Blackpearl Group added 5c or 5.26% to $1; and Eroad gained 3c or 2.36% to $1.30.<\/p>\n

Fintech stock PaySauce, down 0.005c or 1.79% to 27.5c, earlier reported record annual recurring revenue of $9.4m for the December quarter, including an 11% increase in year-on-year processing fees to $1.8m. This offset a 25% reduction in interest revenue.<\/p>\n

The dual-listed banking groups had a good day, with Westpac rising $1.24, or 2.79%, to $45.73, and ANZ up 42c to $43.41.<\/p>\n

The financial institutions had a better day in the United States. BlackRock increased by 5.93% to US$1156.65, and Goldman Sachs rose 4.63% to US$975.86 after reporting improved quarterly profits.<\/p>\n

Back home, Santana Minerals increased 4c or 3.27% to $1.26, and 2 Cheap Cars was up 2c or 3.17% to 65c after its positive quarterly update.<\/p>\n

Heavily traded Ryman Healthcare<\/a> was down 8c or 2.69% to $2.89, with 4.33 million shares worth $12.6m changing hands a day after reporting steady quarterly sales.<\/p>\n

Fellow retirement village stock Summerset, which provides an update next week, gained 22c or 1.81% to $12.40.<\/p>\n

There was heavy trading in energy stocks on the quarterly rebalancing of the S&P Global Clean Energy Index. Contact was up 10c to $9.36 on trade worth $27.11m; Meridian gained 7c to $5.59; and Mercury also added 3c to $6.48 on trade worth $11.7m.<\/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":"Manufacturing activity in New Zealand is now the highest in four years, according to the BNZ-BusinessNZ Performance of…\n","protected":false},"author":2,"featured_media":229056,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[59777,19838,3246,107122,674,651,5201,13981,3930,2082,3014,209,225,11692,111,43,139,69,1125,5339,18835,223,810,686,102,379,80],"class_list":["post-236569","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-59777","tag-19838","tag-both","tag-bounces","tag-building","tag-close","tag-closed","tag-ebos","tag-fletcher","tag-for","tag-gain","tag-group","tag-market","tag-nearly","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-sharemarket","tag-solid","tag-strong","tag-the","tag-up","tag-week","tag-with","tag-year","tag-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/236569","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=236569"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/236569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/229056"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=236569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=236569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=236569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}