NZX 50 Index

The NZX 50 Index (NZ50) is the main stock market index in New Zealand. It comprises the 50 biggest stocks by free-float market capitalisation trading on the New Zealand Stock Market (NZSX). The calculation of the free-float capitalisation excludes blocks of shares greater than 20% and blocks between 5% and 20% that are considered strategic.[2]

NZX 50 Index
TypeLarge capitalisation
Market capNZ$170.0 billion (17 January 2020)[1]
WebsiteNZX 50 Index

The index was introduced as the NZSX 50 Index in March 2003 and replaced the NZSE 40 Index as the headline index. It was renamed the NZX 50 Index in late 2005.[2] The NZSE 40 Capital Index replaced the Barclays index in 1992,[3] although the Barclays index is still compiled by the NZX but not made widely available.[4]


NZX 50 Index 1974–2012

As of 31 January, 2019, the constituent companies of the NZX 50 are:[5]

Ticker symbol Company Sector
AIA.NZ Auckland International Airport Limited Airport Services
AIR.NZ Air New Zealand Limited Airlines
ANZ.NZ Australia and New Zealand Banking Group Limited Diversified Banks
ARG.NZ Argosy Property Limited Diversified REITs
ARV.NZ Arvida Group Limited Health Care Facilities
ATM.NZ The a2 Milk Company Limited Packaged Foods & Meats
CEN.NZ Contact Energy Limited Electric Utilities
CNU.NZ Chorus Limited Alternative Carriers
EBO.NZ Ebos Group Limited Health Care Distributors
FBU.NZ Fletcher Building Limited Construction Materials
FPH.NZ Fisher & Paykel Healthcare Corporation Limited Health Care Equipment
FRE.NZ Freightways Limited Air Freight & Logistics
FSF.NZ Fonterra Shareholders' Fund Packaged Foods & Meats
GMT.NZ Goodman Property Trust Diversified REITs
GNE.NZ Genesis Energy Limited Electric Utilities
HGH.NZ Heartland Group Holdings Limited Diversified Banks
IFT.NZ Infratil Limited Electric Utilities
IPL.NZ Investore Property Limited Retail REITs
KMD.NZ Kathmandu Holdings Limited Specialty Stores
KPG.NZ Kiwi Property Group Limited Retail REITs
MCY.NZ Mercury Energy Limited Electric Utilities
MEL.NZ Meridian Energy Limited Renewable Electricity
MET.NZ Metlifecare Limited Health Care Facilities
MFT.NZ Mainfreight Limited Air Freight & Logistics
NZR.NZ The New Zealand Refining Company Limited Energy Processing
NZX.NZ NZX Limited Financial Exchanges & Data
PCT.NZ Precinct Properties New Zealand Limited Office REITs
PFI.NZ Property for Industry Limited Industrial REITs
POT.NZ Port of Tauranga Limited Marine Ports & Services
PPH.NZ Pushpay Holdings Limited Application Software
RBD.NZ Restaurant Brands New Zealand Limited Restaurants
RYM.NZ Ryman Healthcare Limited Health Care Facilities
SAN.NZ Sanford Limited Packaged Foods & Meats
SCL.NZ Scales Corporation Limited Packaged Foods & Meats
SKC.NZ SKYCITY Entertainment Group Limited Casinos & Gaming
SKL.NZ Skellerup Holdings Limited Industrial Machinery
SKT.NZ Sky Network Television Limited Cable & Satellite
SML.NZ Synlait Milk Limited Packaged Foods & Meats
SPG.NZ Stride Property & Stride Investment Management Limited Diversified REITs
SPK.NZ Spark New Zealand Limited Integrated Telecommunication Services
SUM.NZ Summerset Group Holdings Limited Health Care Facilities
THL.NZ Tourism Holdings Limited Trucking
TPW.NZ Trustpower Limited Electric Utilities
VCT.NZ Vector Limited Multi-Utilities
VGL.NZ Vista Group International Limited Application Software
VHP.NZ Vital Healthcare Property Trust Health Care REITs
WBC.NZ Westpac Banking Corporation Diversified Banks
ZEL.NZ Z Energy Limited Oil & Gas Refining & Marketing

Record values (index gross)Edit

Type Date Value
Intraday high (during the day) 09 Aug 2019 10,927.10
Closing high 25 Jul 2019 10,898.28

See alsoEdit


  1. ^
  2. ^ a b McVerry, Nick; Vos, Ed (2009). "NZX50: Increased investibility and price pressure on additions and deletions" (PDF). New Zealand Journal of Applied Business Research. 7 (2): 1–17.
  3. ^ Tourani-Rad, Alireza; Choi, Daniel F.S.; Wilson, Benjamin John (2006). "A time-varying beta approach to measuring New Zealand's country risk". Managerial Finance. 32 (3): 257–269. doi:10.1108/03074350610646762.
  4. ^ Gaynor, Brian (6 November 2010). "The biggest day we had... and its lessons". The New Zealand Herald. Retrieved 7 November 2010.
  5. ^ "S&P Dow Jones Indices Announces December 2015 Quarterly Rebalance of the S&P/NZX Indices" (PDF). S&P Dow Jones Indices. Retrieved 9 January 2016.

External linksEdit