The NZX 50 added 25.72 points or 0.24% to 10882.41 on Friday, closing 1.98% higher for the week. Gains were limited as tensions between the United States and China persisted, with President Donald Trump due to make an announcement in response to China’s new security legislation for Hong Kong later today. Meantime, Kiwis have jumped back into domestic travel quicker than expected with nearly 400 flights scheduled in and out of Auckland’s airports over the Queen’s Birthday long weekend.
Historically, the New Zealand Stock Market (NZX 50) reached an all time high of 12107.45 in February of 2020. New Zealand Stock Market (NZX 50) - data, forecasts, historical chart - was last updated on May of 2020.
The New Zealand Stock Market (NZX 50) is expected to trade at 10718.09 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 10240.35 in 12 months time.