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 gains +0.8% on Tuesday, lifting its five-day performance to +2.9%. Over the past month, the index is up +5.6% and rose +9.7% year-on-year.
THE MAIN GAINERS
Today, 59 companies finish in the green, with the top four gaining +4%. Serko (SKO, #44) is up +3% for the month and +8% year-on-year. Skellerup (SKL, #33) continues its strong run, climbing +13% over the past five days and +22% over the year. Mainfreight (MFT, #9) adds +10% this week, +17% for the month, and turns positive year-on-year at +1%. Vulcan Steel (VSL, #28) dips -1% across five days but holds a +1% monthly gain and is up +8% year-on-year.
Serko
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THE MAIN DECLINERS
On the downside, 24 stocks decline. a2 Milk (ATM, #8) and Mercury Energy (MCY, #5) both fall -2%. a2 Milk is up +1% for the month and +30% year-on-year, boosted by a +67% rise over six months. Mercury gains +3% for the month but remains down -6% year-on-year. Tourism Holdings (THL, #48) drops -1%, bringing its monthly loss to -18% and annual decline to -31%. Hallenstein Glassons (HLG, #43) also slips -1%, down -8% year-to-date but still up +40% year-on-year.
A2 Milk
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +1.1% | +3.2% | +0.7% | -0.7% | +8.1% |
| NZ Top 10 ETF (TNZ) | +1.3% | +2.5% | -3.0% | -5.3% | +4.6% |
| S/P NZX50 ETF (NZG) | +0.4% | +2.1% | -1.2% | -2.4% | +7.2% |
| NZ Dividend ETF (DIV) | +1.1% | +3.9% | -3.0% | -2.2% | +2.3% |
KEY ANNOUNCEMENTS
Vista Group (VGL, #32) has announced that Picturehouse Cinemas, part of the Regal Cineworld Group, will adopt its Digital Enablement solution via Vista Cloud across all 25 of its UK cinema sites, with rollout expected in the first half of 2025. Regal Cineworld is one of the world’s largest cinema operators, with over 500 locations across the US, UK, and Ireland. CEO Stuart Dickinson says the agreement strengthens Vista’s relationship with the group and will enhance Picturehouse’s engagement with moviegoers.
Meridian Energy (MEL, #2) has agreed to acquire Flick Electric from Z Energy (owned by Ampol), including its customer contracts, hedge book, and brand, for NZ$70 mln. The deal will see 41,000 customers (approximately 384GWh of annual sales) migrate to Meridian over a four-month transition period, supported by a NZ$825,000 monthly services agreement. The acquisition will lift Meridian’s market share to 18%, reinforcing its position as New Zealand’s fourth-largest electricity retailer. The two companies also plan to explore broader strategic opportunities, particularly in EV charging and decarbonisation solutions. The transaction is subject to conditions precedent.
NZX50 Technology Sector
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