Lower bond yields lift NZ sharemarket

NZ stocks ended strongly, boosted by lower bond yields. (Image: Getty)

Fri, 30 May 2025

Declining bond yields and significant gains among the bigger companies helped drive the New Zealand sharemarket to a strong finish.The S&P/NZX 50 Index ended 137.58 points or 1.1% higher at 12,481.89, with 77.4 million shares, worth $426.42m in trading.There were 75 gainers and 65 decliners on the main board.“Overnight, we saw some weak economic data coming out of the US, which led to the US 10-year and longer-term bond yields falling,” Harbour Asset Management portfolio manager Shane Solly said.“Our bond yields have falle...

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