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The Markets

NZ stocks retreat from record high, down 0.7%

Friday 10th of October 2025

The S&P/NZX 50 Index dropped 103.60 points, or 0.76%, to 13,467.26, with 31 million shares worth $118.9m trading.

There were 70 rises and 63 falls on the main board.

The index reached a record high of 13,570.86 on Thursday, its highest closing point since Jan 8, 2021, following the Reserve Bank of NZ's mid-week 50 basis point official cash rate cut.

Wall Street down

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Latest Comments
Fidelity Life offers premium relief to customers affected by flooding
Stay in touch with your Clients and Prospective Clients, not by email, not by text Pick up the phone and meet them for a coffee, or a wine…
3 months ago AlBean
Fidelity Life offers premium relief to customers affected by flooding
Longitude68 is right that AI is reshaping wealth advice fast - it's already widespread offshore, even if not yet here, and our industry will need to catch up quickly to deliver more deliberate, efficient client solutions. That said, most clients I encounter - largely Silent Generation and Boomers - will keep paying a relationship premium, within reason, to continue with a trusted advisor. Technology's real impact will be displacing advisers built around a single product or philosophy, which will be exposed as the commodities they are.
3 months ago Pragmatic
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3 months ago Amused
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you will never give or receive a warm handshake from AI when you are seeing a client for a terminal illness claim, and you both know you will never see each other again. AI can not look a widow in the eye and tell her it will take care of things, and it will be OK.
3 months ago Aggressively_passive
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