FX.co ★ New Zealand Stocks End Muted

The S&P/NZX 50 index remained stable, closing at 13,526 on Monday, as market participants returned from the Christmas break. Despite resuming activity, the market exhibited a lack of momentum due to an absence of fresh drivers and light trading typically seen during the holiday period. Performance across the board was mixed, with sectors such as biotechnology and industrial operations experiencing downturns, while consumer durables and technology services provided a lift to the index. Notable declines were seen in stocks like Fisher & Paykel Healthcare (-1.19%), Infratil (-0.44%), Contact Energy (-0.37%), Mainfreight (-0.38%), EBOS Group (-1.82%), and Ryman Healthcare (-1.35%). Conversely, marginal gains in companies including Meridian Energy (+0.09%), Mercury NZ (+0.63%), A2 Milk (+0.67%), and Vector (+0.62%) helped offset some of the losses. Meanwhile, shares of Auckland International Airport and Fonterra Co-operative Group remained stable throughout the session.