New Zealand's main stock index eased from its record high on Monday, pulled down by weakness among the utility sector, while prospects of more fiscal spending in the US capped stock market losses. Meridian Energy Ltd and Contact Energy Ltd were the biggest laggards on the NZX, down 9% and 8%, respectively.
Historically, the New Zealand Stock Market (NZX 50) reached an all time high of 13643.78 in January of 2021. New Zealand Stock Market (NZX 50) - data, forecasts, historical chart - was last updated on January of 2021.
The New Zealand Stock Market (NZX 50) is expected to trade at 13353.46 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 12758.26 in 12 months time.