NZX tracks US futures down as Gentrack misses expectations

Gentrack Group makes software for airports and energy and water companies. (Image: Supplied)

Mon, 19 May 2025

After a solid start to May, New Zealand’s benchmark chased American futures down after credit ratings agency Moody’s stripped the United States of its triple-A rating.The S&P/NZX 50 fell 1.23% on Monday to 12,629.07 points with more than 29,000 trades amounting to $100.5 million in value traded.Senior research analyst at Craigs Investment Partners Mohandeep Singh said the downgrade to AA1 is likely weighing on the market by increasing the likelihood of a “choppy month”. At 5pm, futures for the US blue-chip index...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Law & Regulation

Court rejects Uber Group bid to block Uber, One NZ partnership

A Northland telco is weighing its next move after losing a fight for the Uber name.

Garth Bray 4:25pm

Markets

SkyCity faces Adelaide reckoning by year-end

Casino operator releases details about regulatory situation in Adelaide.

Dileepa Fonseka 3:15pm

SkyCity faces Adelaide reckoning by year-end

Primary Sector

Lactalis welcomes Fonterra shareholder support

Fonterra recently upped its milk prices across the Tasman.

Riley Kennedy 11:44am

Lactalis welcomes Fonterra shareholder support

Sponsored

Move-in ready offices: How business are rethinking workspace

Businesses want agility – and office space is evolving fast

Sponsored by Precinct Properties

Sponsored

NZ risks losing edge as Australia takes lead in cleaner jet fuel

Experts warn SAF delay could cost jobs and growth.

Z Energy

More Markets

Primary Sector

Rising volumes push Port of Tauranga profit outlook higher

Port of Tauranga expects its full-year net profit after tax to fall somewhere between $137 million and $147m.The NZX-listed port company’s container volumes increased 9% to 319,649 TEUs in the first three months to Sept 30.Total trade increased 5.9% in volume compared to the same...

Staff reporters 3:19pm