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 rose +0.3% today, marking a four-week high. The index is now up +5.0% over the past month, though still down -5.4% year-to-date. Year-on-year, the NZX50 is up +4.6%.
THE MAIN GAINERS
Precinct Properties (PCT, #21) led today's 48 gainers, up +5% and +4% over the past month, though still down -9% in six months and -3% year-on-year. Kathmandu (KMD, #50) rose +3% today but is down -24% in six months and -32% from a year ago. Ryman Healthcare (RYM, #18) also gained +3% but remains down -47% over six months and -34% year-on-year. Vista Group (VGL, #32) added +2%, extending its +8% gain over the past month and soaring +104% year-on-year.
Precinct Properties
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THE MAIN DECLINERS
Among the 28 decliners, Contact Energy (CEN, #7) and Meridian Energy (MEL, #2) both slipped -2%. Contact is up +5% over six months and +5% year-on-year but down -8% year-to-date. Meridian is down -6% for both the six-month and year-to-date periods. Tourism Holdings (THL, #48) fell -1% and is down -30% in six months, -24% year-on-year. Serko (SKO, #44) also dropped -1%, though it remains +2% up year-on-year.
Contact Energy
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.3% | +2.8% | -3.2% | -4.1% | +2.1% |
| NZ Top 10 ETF (TNZ) | +0.4% | +1.9% | -6.4% | -8.6% | -1.1% |
| S/P NZX50 ETF (NZG) | +0.6% | +1.9% | -3.2% | -5.0% | +2.5% |
| NZ Dividend ETF (DIV) | +0.4% | +2.3% | -6.5% | -5.7% | -2.3% |
KEY ANNOUNCEMENTS
Chorus (CNU, #13) is considering a NZ$170m offer of unsecured, subordinated, redeemable, cumulative interest-bearing capital notes to New Zealand investors, with full details expected later this week and the offer likely opening the week of 19 May. The notes are expected to carry a BB+ rating from S&P and Baa3 from Moody’s, reflecting their subordinated nature. Forsyth Barr and BNZ have been appointed as Joint Lead Managers.
Tyro Payments (TYR) has confirmed it is no longer pursuing an acquisition of Smartpay Holdings (NZX:SPY), after Smartpay entered an exclusivity agreement with another party offering NZ$1.20 per share in cash. Tyro had submitted a proposal and was in the midst of due diligence before being informed of the decision on 2 May.
NZX50 Energy Sector
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