{"id":496173,"date":"2026-06-26T07:06:11","date_gmt":"2026-06-26T07:06:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/496173\/"},"modified":"2026-06-26T07:06:11","modified_gmt":"2026-06-26T07:06:11","slug":"new-zealand-shares-flat-kmd-brands-refinances-debt-with-nz208-million-credit-facilities","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/496173\/","title":{"rendered":"New Zealand Shares Flat; KMD Brands Refinances Debt With NZ$208 Million Credit Facilities"},"content":{"rendered":"

\"MT<\/a> MT Newswires -Shutterstock <\/p>\n

New Zealand shares closed flat with a positive bias on Friday as Asian markets followed Thursday’s Wall Street losses.<\/p>\n

The S&P\/NZX 50 Index was little changed to close at 13,495.24.<\/p>\n

On Thursday, the Nasdaq Composite fell about 0.5% as tech giant Apple disclosed price hikes for its MacBook and iPad products. <\/p>\n

“Apple’s price increases were a reflection of how the big tech may at some point start to feel the pain of these higher component costs, and that can become a broader ecosystem headwind,” said Charu Chanana, chief investment strategist at Saxo, as quoted by Reuters.<\/p>\n

In domestic news, the Reserve Bank of New Zealand (RBNZ) is expected to hold the official cash rate at 2.25% in the July monetary policy decision, with consecutive 25-basis-point cash rate increases forecast from September and the rate peaking at 3.25% by early 2027, ASB Bank said in a report.<\/p>\n

Also, New Zealand’s house prices have maintained a flat trajectory in recent months, with downward pressure from cautious buyers and sellers pausing activity, ANZ said in a Property Focus report.<\/p>\n

In corporate news, KMD Brands (ASX:KMD, NZE:KMD) refinanced its debt through NZ$208 million in syndicated sustainability-linked, multi-currency revolving credit facilities.<\/p>\n

Vista Group International (ASX:VGL, NZE:VGL) entered into a new agreement with cinema operator Cineplexx to migrate its entire circuit to Operational Excellence, the company’s full cloud-based platform. <\/p>\n","protected":false},"excerpt":{"rendered":"MT Newswires -Shutterstock New Zealand shares closed flat with a positive bias on Friday as Asian markets followed…\n","protected":false},"author":2,"featured_media":496174,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[144931,2711,111,43,139,69,9046],"class_list":["post-496173","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-zealand","tag-charu-chanana","tag-nasdaq-composite","tag-new-zealand","tag-news","tag-newzealand","tag-nz","tag-reserve-bank-of-new-zealand"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/496173","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=496173"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/496173\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/496174"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=496173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=496173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=496173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}