NZX 50 Index
What is the NZX 50 Index?
The NZX 50 Index is the main stock market index in New Zealand. The index was introduced in 2003 and comprises the 50 biggest stocks by free-float market capitalisation on the New Zealand Stock Market (NZSX).
Where have you heard about the NZX 50 Index?
The NZX 50 Index is the headline index of New Zealand. Many high-profile companies are constituents of the NZX 50 including Air New Zealand Limited, Chorus Limited, Sky Network Television Limited and Auckland International Airport Limited.
What you need to know about the NZX 50 Index.
When the NZX 50 Index was introduced in 2003, it replaced the NZSE 40 Index as the headline index and was later renamed the NZX 50 Index in 2005. The float-adjusted index is representable, liquid and investable and covers 90% of New Zealand's equity market capitalisation. Other companies listed on the index include Heartland Bank Limited, Genesis Energy Limited, Goodman Property Trust and Orion Health Group Limited.
Find out more about the NZX 50 Index.
Understand the basics of the NZX 50 Index by reading our definition of stock market index.