25.05.202622:50:51UTC+00NZX 50 Hits 2-Week High on Healthcare Boost

The NZX 50 climbed 191 points, or 1.5%, to 13,161 in Tuesday morning trade, snapping the previous session’s losses and reaching its highest level since May 11. Gains were led by healthcare, energy, and real estate stocks.

Healthcare shares advanced 5.6%, driven by heavyweight Fisher & Paykel Healthcare, which jumped 9.9% after reporting a 24% increase in net profit for the 12 months to March. Ryman Healthcare also rose sharply, adding 3.7%.

Sentiment was further supported by easing oil prices, underpinned by optimism over US–Iran negotiations aimed at ending the war, after US President Donald Trump said the talks were “proceeding nicely.”

Nonetheless, traders remained cautious ahead of the Reserve Bank of New Zealand’s monetary policy decision on Wednesday. Markets widely expect the central bank to leave interest rates unchanged, while also looking ahead to the government’s 2026 budget release.

Other early gainers included Chorus Limited (up 1.3%), Contact Energy (1.0%), Ebos Group (0.8%), and A2 Milk Company (0.7%).