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 is up just +0.1% today after giving up morning gains, rising +1.0% over the past five days. Over the last six months, the index has slipped -1.6%, though it remains up +8.6% year-on-year.
THE MAIN GAINERS
A total of 43 companies posted gains, led by SkyCity Entertainment (SKC, #35) and Infratil (IFT, #4), both up +4%. SkyCity has fallen -2% over the last five days and is down -34% year-on-year. Infratil rises +8% over the past week but remains -5% lower year-on-year. Tower Limited (TWR, #41) climbs +2%, gaining +6% over the past month and surging +81% over the year. Oceania Healthcare (OCA, #44) also adds +2%, though it’s down -6% for the month. Year-on-year, Oceania is up +13%.
SKYCITY Entertainment
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THE MAIN DECLINERS
On the downside, 33 companies declined. Kathmandu Brands (KMD, #50) dropped -5%, extending a -3% loss over the last five days and falling -30% year-on-year. Gentrack (GTK, #25) slipped -4%, now down -6% in the past week and -15% over six months, though still up +14% for the year. Sky Network Television (SKT, #46) fell -2% today, despite rising +3% over five days and +10% over the past month, with a +17% annual gain. Goodman Property Trust (GMT, #15) also shed -2%, with its year-on-year performance now down -9%.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.1% | -0.1% | -2.0% | -2.9% | +7.1% |
| NZ Top 10 ETF (TNZ) | +0.6% | +1.2% | -5.9% | -7.3% | +2.9% |
| S/P NZX50 ETF (NZG) | 0% | +0.9% | -3.2% | -3.9% | +5.9% |
| NZ Dividend ETF (DIV) | +0.4% | +1.5% | +0.4% | -0.5% | +6.9% |
KEY ANNOUNCEMENTS
Contact Energy (CEN, #7) shows mass market electricity and gas sales of 365GWh, down from 413GWh in May 2024, with a higher netback of $145.13/MWh (vs $130.41/MWh). Wholesale electricity sales totalled 768GWh, while generation rose to 842GWh (from 821GWh). Electricity and steam net revenue increased to $169.49/MWh (vs $163.31/MWh), with generation costs down to $49.26/MWh (vs $61.80/MWh). Te Huka 3 project progress reached 99.7% of its monthly target, while BESS lagged at 70% vs 79% target. Otahuhu Q3 2025 futures prices fell to $182.25/MWh as of 10 June (from $199 at May-end and $335 in April). South Island storage sits at 87% of mean and North Island at 139%, while Clutha catchment inflows for May were 100% of mean. Contracted gas volume for the next 12 months is 3.8PJ.
Argosy Property (ARG, #30) has set the strike price for its Dividend Reinvestment Plan at $1.0396 per share for the dividend payable next week on Wednesday the 25th of June. This price includes a 2% discount applied to the market rate.
NZX50 Energy Sector
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