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2 results for “nzx50”
The NZX50 index rose 1.1% on Friday to close at 13,039.2, ending a two-week losing streak. While Ryman Healthcare and Fletcher Building led the rally, record-low consumer confidence and a stagnant housing market continue to signal underlying economic fragility.
Mainfreight (MFT.NZ) shares rose 3.39% to NZ$61.00 as technical indicators turn bullish ahead of the May 28 FY26 earnings release. Despite margin pressure in the first half, analysts maintain a 'Buy' consensus with a NZ$73.24 price target.