New Zealand shares ended marginally higher on Monday amid a broad-based sell-off in Asian markets before key rate decisions by central banks globally.
The S&P/NZX 50 Index edged up 0.01% or 1.23 points to close at 13,408.14.
This week, the Bank of Japan is expected to lift rates by 25 basis points to 0.75%, the Bank of England may cut by the same amount to 3.75%, while the ECB, Sweden's Riksbank and Norway's Norges Bank are all expected to hold rates steady, according to a Monday Reuters report.
In domestic news, New Zealand's services sector contracted further in November with a performance of services index (PSI) reading of 46.9, down 1.5 points from October, according to data from BusinessNZ.
In corporate news, PGG Wrightson (NZE:PGW) updated its operating earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance for the year ending June 30, 2026, to around NZ$64 million, up from its previous guidance of over NZ$60 million.
Fletcher Building (NZE:FBU, ASX:FBU) has been joined as an additional respondent to Perth-based home builder BGC's claim against Fletcher's Iplex Pipelines Australia unit.
