NZX tracks US futures down as Gentrack misses expectations

NZX tracks US futures down as Gentrack misses expectations
Gentrack Group makes software for airports and energy and water companies. (Image: Supplied)
Gregor Thompson
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...

More Markets

Ryman extends rally; NZX 50 continues gains
Markets Market Close

Ryman extends rally; NZX 50 continues gains

Having traded flat until late September, the index is now up nearly 3% for the year.

Gregor Thompson 02 Oct 2025
Retail outlook 'tough and unpredictable': Warehouse Group
Retail

Retail outlook 'tough and unpredictable': Warehouse Group

The group's operating earnings dropped from $28.9 million to $1.3m.

Gregor Thompson 02 Oct 2025
Mohawk Industries looks to take Bremworth private
Primary Sector

Mohawk Industries looks to take Bremworth private

A strategic review was kicked off in February under its previous leadership.

Riley Kennedy 02 Oct 2025
Crispy $10m payday for ACC in RBD buyout
Retail

Crispy $10m payday for ACC in RBD buyout

The tasty takeaway comes after it built up Restaurant Brands' stake in recent months. 

Gregor Thompson 02 Oct 2025