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...

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