NZX 50 Index
|Market cap||NZ$149.0 billion (24 April 2019)|
|Website||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.
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. The NZSE 40 Capital Index replaced the Barclays index in 1992, although the Barclays index is still compiled by the NZX but not made widely available.
As of 31 January, 2019, the constituent companies of the NZX 50 are:
Record values (index gross)
|Intraday high (during the day)||09 Aug 2019||10,927.10|
|Closing high||25 Jul 2019||10,898.28|
- List of companies of New Zealand - includes older list of NZX 50 companies
- 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.
- 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.
- Gaynor, Brian (6 November 2010). "The biggest day we had... and its lessons". The New Zealand Herald. Retrieved 7 November 2010.
- "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.