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NZX:VSL 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

  • Itaú Unibanco Shares Rise Following Capital Boost Amid Inflation Concerns
    June 12, 2026, 3:44 PM EDT. Itaú Unibanco shares gained on Friday as the bank raised R$3 billion through perpetual subordinated financial bills to strengthen regulatory capital. The bank's New York-traded ADS climbed 1.3% to $8.01, while preferred shares rose 0.40% to R$40.66 on Brazil's B3 exchange, outperforming the Ibovespa index, which slipped 0.13%. Investors are closely watching Brazil's upcoming June 16-17 central bank rate decision after May inflation reached 4.72%, exceeding forecasts and the central bank's target. The capital increase bolsters Itaú's Tier 1 ratio by 19 basis points, enhancing its ability to lend and maintain dividends during potential credit downturns. The bank reaffirmed its 2026 targets with solid first-quarter results and stable credit quality, key factors for investor confidence amid macroeconomic uncertainties.

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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