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NZX:IFT 13 November 2025 - 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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New Zealand Sharemarket Today: NZX 50 Slides 0.5% as Infratil Sell‑Off Caps Mainfreight Rally (13 November 2025)

New Zealand Sharemarket Today: NZX 50 Slips as Nvidia Tech Rout Ripples Across Asia – 21 November 2025

New Zealand’s S&P/NZX 50 Index closed down 20 points at 13,419.40 on Friday, tracking a global tech sell-off after Nvidia shares slumped. Turnover reached about $138 million. AFT Pharmaceuticals surged 10% on record half-year revenue, while Infratil dropped 40 cents to $11.55 as investors rotated out of data-centre stocks. Around 37 million shares changed hands.
21 November 2025
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New Zealand Sharemarket Today: NZX 50 Slides 0.5% as Infratil Sell‑Off Caps Mainfreight Rally (13 November 2025)

New Zealand Sharemarket Today (17 November 2025): Black Pearl Returns, Comvita Deal Collapses, Warehouse Cost Reset in Focus

Comvita’s proposed takeover by Florenz collapsed after only 54.29% of non-Florenz shareholders backed the deal, short of the required 75%. The S&P/NZX 50 Index dropped 0.98% to 13,464.46 on Friday, with Mainfreight, Infratil, and Comvita among the notable fallers. As of early Monday, the NZX Main Board remained at Friday’s close with no trades recorded.
16 November 2025
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New Zealand Sharemarket Today: NZX 50 Slides 0.5% as Infratil Sell‑Off Caps Mainfreight Rally (13 November 2025)

New Zealand Sharemarket Today: NZX 50 Slides 0.5% as Infratil Sell‑Off Caps Mainfreight Rally (13 November 2025)

New Zealand’s S&P/NZX 50 Index fell 0.54% to 13,597.87 on Thursday, retreating from recent highs above 13,700. Infratil dropped 5.5% despite reporting higher earnings and asset sales, while Mainfreight surged nearly 9% and SkyCity rose over 6% on heavy trading. Market breadth was negative, with 30 stocks down and 16 up. October electronic card spending rose just 0.2% from the previous month.
13 November 2025
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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.

Latest articles

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

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

12 June 2026
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

Nu Holdings Shares Unchanged as Nubank Addresses False Liquidation Alert

12 June 2026
Nu Holdings stock stayed flat after Nubank blamed a false liquidation notice to customers on an operational error, with shares still 36% below their 52-week high despite a $1 billion buyback; the next key catalyst is Q2 earnings in mid-August, as investors weigh strong growth and AI initiatives against rising credit losses and recent reputational risks.
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