Mainfreight traction keeps market rolling – Market close

Graham SkellernBusinessDesk·15 Oct, 2026 05:25 AM5 mins to readNew Zealand electricity demand was down 0.5%. As at October 13, Contact’s South Island controlled hydro storage was 135% of mean and North Island 78%. Image / NZME Mainfreight made a strong move, and the New Zealand sharemarket bucked offshore declines with a rise of more than 0.5% as inflation concerns resurfaced in the United States. The S&P/NZX 50 Index rose mid-afternoon and closed at 13,832.8, up 72.4 points or 0.53% after hitting an intraday low of 13,