Pacific Edge (PEB) has announced plans to raise NZ$20m via a NZ$15m placement to selected investors and a NZ$5 m retail offer through a share purchase plan. The shares are priced at NZ$0.10, representing a premium to both the stock’s 20-day VWAP and the last close, and the raise is expected to be supported by key institutional shareholders. The company says the new capital will support operations for over 12 months without Medicare coverage, help accelerate Triage adoption in the US, and fund clinical evidence generation and product innovation. Pacific Edge is working to regain Medicare reimbursement for its Cxbladder tests following changes to local coverage determinations that took effect in April. All directors and senior management intend to participate in the raise, which is subject to shareholder approval due to the size and related party involvement in the placement.
Here are the key things you need to know about in the NZX markets over the past 24 hours. Changes are as at 3:00 pm and may change when the market closes at 4:45 pm.
WHAT THE NZX 50 INDEX IS DOING
The NZX50 posts a +0.7% gain to close out the trading week, trimming its five-day decline to -1.8%. Over the past month, the index rose +3.9%, and it is up +7.0% year-on-year.
THE MAIN GAINERS
Of the 46 gainers today, The Warehouse Group (WHS, #49) leads with a +6% lift, up +5% for the week and +11% over the past month, though still down -19% year-on-year. Investore Property (IPL, #45) adds +3%, up +13% for the month and +17% from a year ago. Stride Property Group (SPG, #37) also gains +3% but remains down -3% for the week, -14% over six months, and -8% year-on-year. Mainfreight (MFT, #8) climbs +2%, extending its weekly gain to +3% and monthly rise to +24%, with its share price now level year-on-year.
The Warehouse Group
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THE MAIN DECLINERS
On the downside, 28 companies decline, including Ryman Healthcare (RYM, #17) and Air New Zealand (AIR, #20), both falling -2%. Ryman is down -13% for the week and -36% year-on-year, while Air New Zealand rises +3% over the month and +14% over the past year. Heartland Group Holdings (HGH, #35) slips -1%, extending its year-on-year drop to -21%, and Contact Energy (CEN, #7) also eases -1% but remains up +3% year-on-year.
Ryman Healthcare
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.9% | -2.5% | -5.8% | -4.8% | +5.3% |
| NZ Top 10 ETF (TNZ) | +0.6% | -3.4% | -10.0% | -10.0% | +0.9% |
| S/P NZX50 ETF (NZG) | +1.1% | -2.8% | -6.7% | -6.1% | +5.2% |
| NZ Dividend ETF (DIV) | +1.4% | -2.1% | -4.5% | -4.5% | +3.6% |
KEY ANNOUNCEMENTS
Chorus (CNU, #14) publishes its 2024 Information Disclosure for fibre fixed line access services (FFLAS), confirming submission to the Commerce Commission. It reports a stable regulated asset base (RAB) of approximately $5.9b, with the core RAB increasing to $4.9b and the Financial Loss Asset reducing to just under $1b. Chorus estimates it earned close to its maximum allowable revenue of $809m for the year, with a $153.5m wash-up balance carried into 2025 following adjustments over the three-year regulatory period. All figures remain subject to Commerce Commission review.
NZX50 Energy Sector
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