New Zealand Stock Market Ends Higher as BlueScope Bid Sparks Steel Rally, Infratil Gains
Wellington, Jan 6, 2026, 23:00 NZDT — Market closed New Zealand shares closed higher on Tuesday, led by steel-linked names after a takeover approach for Australia’s BlueScope Steel rippled across the sector. The benchmark S&P/NZX 50 index rose 76.35 points, or 0.56%, to 13,663.58, NZX data showed. Reuters The advance stretched the index’s winning streak to four sessions and left it about 0.6% below its 52-week high, according to Investing.com data. NZX’s all-materials sub-index jumped 3.1% on the day, reflecting the bid-driven lift in construction and steel exposures. Investing.com BlueScope said it received an all-cash A$30-a-share proposal from Kerry Stokes-owned SGH and