New Zealand Shares End Higher After Global Rally; Westpac Banking Chief Information Officer to Retire

February 10, 2026 - 04:35

The New Zealand share market closed in positive territory on Tuesday, buoyed by a wave of optimism sweeping global financial markets. The upward movement mirrored strong overnight performances on Wall Street, which set a confident tone for the Asia-Pacific trading session.

Investor sentiment was lifted by the robust lead from the United States, where major indices posted solid gains. This positive momentum encouraged buying activity across the Tasman, with the benchmark NZX-50 index advancing steadily throughout the day. Gains were broad-based, reflecting a general appetite for risk among investors.

In a separate corporate development, Westpac New Zealand announced a significant leadership change. The bank confirmed that its Chief Information Officer, Sarina Lusby, will be retiring from her role. Lusby, who has been with Westpac for over five years, will depart later this year. The bank has stated that the process to find her successor is already underway, ensuring a smooth transition for the technology division. This news did not significantly impact the broader market's positive trajectory, which remained firmly focused on the favorable international cues. Analysts suggest the market's strength demonstrates its responsiveness to global economic trends and investor confidence.