New Zealand’s benchmark S&P/NZX 50 index rose 0.6% to close at 13,506 on Monday, recouping losses from last week, with technology services shares leading the advance. The sector jumped more than 8%, driven by Gentrack Group, which surged over 18% after surpassing annual earnings estimates and reporting a 119% year-on-year increase. Other notable gainers included Briscoe Group (+3.3%), Serko (+3.2%), Sanford Limited (+2.6%), Chorus Limited (+1.7%), and Tourism Holdings (+1.7%). Markets are now focused on this week’s Reserve Bank monetary policy decision, with traders pricing in a full 25 bps rate cut and a small chance of another surprise 50 bps move like October’s. Investors also await post-decision guidance, as analysts say it could signal the final cut in the current easing cycle. Meanwhile, traders are anticipating additional economic data releases, including retail sales, business confidence, and consumer sentiment.
