Nzx Mag -

Ticker: EBO They move animal health products and medical supplies. This is a quiet killer. EBOS has grown its dividend for decades. Recession? People still get sick. Pandemic? They thrive. It’s the most defensive stock on the board.

Ticker: FBU The wildcard of the group. When the construction cycle turns, Fletch prints money. Right now, it’s navigating a tough cycle, but it remains the only vertically integrated building giant in the country. If a house is built in NZ, Fletch touched it. nzx mag

Ticker: SPK The telco. No growth, but a fortress balance sheet. Retirees love Spark because the dividend yield (usually 6-7%) is better than a term deposit. It’s the utility of the digital age. Ticker: EBO They move animal health products and

Ticker: MFT The crown jewel. Mainfreight is a logistics powerhouse that has successfully exported the Kiwi work ethic to 27 countries. It’s expensive, but it rarely goes on sale. This is your long-term compounder. Recession

While we don’t have AI chip makers, we do have an oligopoly of essential industries. These seven companies dominate the NZX 50, offering a mix of , commodity pricing power , and defensive earnings .

But if you want , inflation protection , and a portfolio that doesn't give you a heart attack, build your core around the NZX Mag.