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NZX:STU 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%.

Stock Market Today

  • Ford Shares Near $15 Amid Recalls and Aluminum Supply Recovery
    June 12, 2026, 3:45 PM EDT. Ford shares traded near $14.82 after a 2.87% rise on Thursday, pressured by recalls affecting over 800,000 vehicles in the U.S. Focus and Expedition models face safety updates amid ongoing quality concerns. Despite this, a key aluminum supplier's Oswego plant restart is expected to aid F-150 truck production and margins, helping Ford recover from earlier supply disruptions. Ford reported $43.3 billion revenue and $3.5 billion adjusted EBIT in Q1, raising full-year profit guidance to $8.5-$10.5 billion. Investors balance recalls against improving supply chains and cost-saving targets, including $1 billion in material and warranty reductions, highlighting Ford's efforts to sustain growth and profitability.

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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