08.12.202522:50:53UTC+00NZX 50 Ticks Higher in Morning Trade

The NZX 50 index experienced an uptick on Tuesday morning, advancing by 32 points or 0.2% to reach 13,518, following a largely static performance in the prior session. This increase was primarily driven by advances in the energy, utilities, communication services, and healthcare sectors. Optimism regarding potential policy easing from the US Federal Reserve this week bolstered investor confidence. Additionally, stronger-than-anticipated trade data from China, New Zealand's largest trading partner, provided further market support on Monday. Nonetheless, investors remained cautious as they awaited China's November consumer and producer price statistics, set to offer insights into the nation's economic trajectory amidst ongoing subdued domestic demand. On the flip side, declines in financial and consumer discretionary stocks limited overall market gains. Early market leaders included Contact Energy with a 0.8% rise, Auckland International Airport increasing by 0.7%, Fisher & Paykel climbing 0.7%, and Port of Tauranga, Skellerup Holdings, and Ebos Group advancing by 0.7%, 0.6%, and 0.4% respectively.