PremiumGraham SkellernBusinessDesk·31 Aug, 2026 06:30 AM5 mins to read The ANZ NZ Business Outlook showed confidence fell 2 points in August to 54, while expected own activity eased 1 point to 48. Both are at very high levels. Photo / Central Hawke's Bay District CouncilThe New Zealand sharemarket made a gain of more than 1% in a volatile day that saw plenty of changes in the MSCI index quarterly review.

The S&P/NZX 50 Index traded strongly in the afternoon and closed at 13,917.30, up 149.12 points or 1.08%. The index has risen by 1.6%