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 was little changed today, though it has gained +3.2% over the past five days, +5.4% in the past month, and is up +5.0% year-on-year.
THE MAIN GAINERS
There were 30 gainers in the market. Infratil (IFT, #4) led with a +4% gain, lifting its five-day performance to +8% and monthly rise to +24%. It is up +8% year-on-year. Port of Tauranga (POT, #10) rose +2%, up +3% over five days, +6% over six months, and +32% year-on-year. Ryman Healthcare (RYM, #18) also added +2%, up +4% in the past five days but still down -32% year-on-year. Tower (TWR, #41) climbed +2%, up +3% in the last five days and +73% compared to this time last year.
Infratil
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THE MAIN DECLINERS
Among the 46 decliners, SkyCity Entertainment (SKC, #30) fell sharply, down -7% today and -8% over the past five days. It’s down -10% for the month and -37% year-on-year. Vista Group (VGL, #32) dropped -3%, though it remains up +25% over six months and +96% year-on-year. The Warehouse Group (WHS, #49) declined -2%, now down -24% over six months and -40% year-on-year. Investore Property (IPL, #46) also slipped -2% but is up +3% over five days, and down -3% from a year ago.
SKYCITY Entertainment
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.2% | +2.3% | -3.3% | -4.3% | +1.9% |
| NZ Top 10 ETF (TNZ) | -0.3% | +3.7% | -5.1% | -8.3% | -0.8% |
| S/P NZX50 ETF (NZG) | +0.5% | +2.9% | -3.2% | -4.7% | +2.9% |
| NZ Dividend ETF (DIV) | +0.7% | +2.4% | -5.9% | -5.1% | -1.7% |
KEY ANNOUNCEMENTS
SkyCity Entertainment (SKC, #30) has downgraded its FY25 earnings guidance, now expecting Group EBITDA to come in around 4% below the bottom of its prior $225–$245m range. The company cites continued declines in spend per visit, particularly in Auckland's hospitality and gaming segments, and softer performance in Adelaide due to lower VIP visitation amid enhanced AML controls. Visitation levels remain steady, and the Adelaide B3 uplift programme remains on track with $60m in planned spend through FY27. CEO Jason Walbridge says SkyCity is adjusting costs and remains optimistic heading into FY26.
Summerset Group (SUM, #16) is considering a retail bond offer of six-year, fixed-rate, unsubordinated bonds, guaranteed and secured by the Summerset guaranteeing group. Proceeds would be used to repay part of its existing bank debt, with that bank debt then used to refinance Summerset’s $125m SUM020 bonds maturing in September 2025. Full offer details are expected soon, subject to market conditions. ANZ has been appointed as Arranger, with ANZ, CBA, Craigs, and Forsyth Barr as Joint Lead Managers.
Scales Corporation (SCL, #37) will hold its Annual Meeting of Shareholders at 3.30pm on Tuesday, 10 June 2025, at The Piano, 156 Armagh Street, Christchurch. Shareholders will also have the option to attend online.
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