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 gained +1.1% so fartoday, bringing its five-day rise to +2.2%. Over the past month the index is up +6.8%, and has lifted +7.3% year-on-year.
THE MAIN GAINERS
To close the week, 46 stocks finished in the green. The biggest gainers were Meridian Energy (MEL, #2) and The Warehouse Group (WHS, #49), both up +3%. Meridian's share price is up +2% for the month but down -5% over the past year. The Warehouse is up +1% over the last five days but has dropped -21% over the last six months and -34% year-on-year. Freightways (FRW, #20) gained +2%, lifting +4% over the last five days and up +26% year-on-year. The NZX (NZX, #40) also rose +2% today, gaining +5% for the month and +33% over the past year.
Meridian Energy
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THE MAIN DECLINERS
There were 30 decliners in the market today, with the leading group all falling -2%. Vista Group (VGL, #32) declined -2%, down -6% over the last five days, though still up +95% year-on-year. Precinct Properties (PCT, #21) fell -2% today but is up +4% over five days, down -2% year-on-year. Stride Property Group (SPG, #36) also dropped -2%, though it gained +3% over the past five days and is down -8% year-on-year. Serko (SKO, #44) declined -11% over the week, down -20% over the last six months and -1% year-on-year.
Serko
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.7% | +1.9% | -1.8% | -2.8% | +4.7% |
| NZ Top 10 ETF (TNZ) | +0.1% | +0.6% | -5.5% | -7.7% | +0.3% |
| S/P NZX50 ETF (NZG) | +0.6% | +1.3% | -2.7% | -4.2% | +4.3% |
| NZ Dividend ETF (DIV) | +0.2% | +1.7% | -5.3% | -3.7% | -0.2% |
KEY ANNOUNCEMENTS
Auckland Airport (AIA, #3) has announced the resignation of Chief Infrastructure Officer Susana Fueyo Suarez, who is stepping down for family reasons. Ms Fueyo Suarez has played a key role in progressing the airport’s major infrastructure projects, including the domestic jet terminal build and associated roading, utility, and airfield developments. Chief Executive Carrie Hurihanganui acknowledged her engineering expertise and thanked her for her contributions. Auckland Airport will soon begin the search for her replacement.
Air New Zealand's (AIR, #19) group capacity fell -4.8% in March compared to the same month last year, with Long Haul ASKs down -6.9%, Domestic down -4.1%, and Short-haul international down -1.1%, largely due to global engine maintenance issues limiting aircraft availability. Year-to-date underlying RASK improved by +1%, with Long Haul RASK up +2.4%. However, Short-haul RASK declined -1.2% due to softer domestic demand, a shift in Easter timing, and fewer major events compared to the same period last year.
Chorus (CNU, #13) has lodged a product disclosure statement for an offer of up to NZ$170m in unsecured, subordinated, redeemable, cumulative, interest-bearing capital notes. The 31-year notes mature on 3 June 2056, with early redemption options from March 2031 or earlier under certain conditions. Interest will be fixed for six years, then reset periodically, with Chorus able to defer payments for up to five years. S&P has assigned a BB+ rating, while Moody’s has given the notes a Baa3 rating. The offer opens 19 May and is expected to close 22 May, with listing on the NZX Debt Market on 4 June.
NZX50 Industrial Sector
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