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NZX:FBU 6 January 2026

New Zealand Stock Market Ends Higher as BlueScope Bid Sparks Steel Rally, Infratil Gains

New Zealand Stock Market Ends Higher as BlueScope Bid Sparks Steel Rally, Infratil Gains

New Zealand’s S&P/NZX 50 index rose 0.56% to 13,663.58 Tuesday, led by steel and construction stocks after a takeover bid for Australia’s BlueScope Steel. Vulcan Steel jumped 3.6%, Steel & Tube 4.7%, and Fletcher Building 1.6%. BlueScope surged 21% in Sydney after receiving a buyout proposal from SGH and Steel Dynamics. Banks fell, with Westpac and ANZ both down 2.6%.
6 January 2026
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Stock Market Today

  • Former SpaceX Welder Set to Become Millionaire After $75 Billion IPO
    June 12, 2026, 3:31 PM EDT. Juan Hernandez, a former SpaceX welder, is poised to become a millionaire following the company's historic $75 billion initial public offering (IPO) on Nasdaq under ticker SPCX. Hired in 2015 with $10,000 stock compensation, Hernandez now holds approximately 6,500 shares valued around $135 each, potentially worth nearly $880,000 or more based on Friday's trading. His journey from welder to supervisor highlights SpaceX's culture of employee equity, which incentivizes performance by giving workers a stake in the company. Despite his newfound wealth, Hernandez remains humble and focused on hard work and teaching his children the value of perseverance.

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Itaú Unibanco Shares Up After Capital Move, Inflation Figures in Focus

Itaú Unibanco Shares Up After Capital Move, Inflation Figures in Focus

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Itaú shares outperformed a weaker Brazilian market after issuing R$3 billion in perpetual subordinated financial bills to boost capital, lifting its Tier 1 ratio by 19 basis points; investors now await Brazil’s June 16–17 central-bank rate decision following hotter-than-expected May inflation, a key risk for loan growth and credit quality.
Nu Holdings Shares Unchanged as Nubank Addresses False Liquidation Alert

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