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 +0.5% today, but from a week ago its is down -0.5%. Today's gain lifted its monthly growth to +7.4% and its year-on-year performance to +8.9%.
THE MAIN GAINERS
45 companies finished in the green, led by top-ranked F&P Healthcare (FPH, #1), which rose +3%. Over the past month, FPH is up +12%, and has gained +29% over the past year. Serko (SKO, #46) and SkyCity Entertainment (SKC, #35) followed with +2% gains. Despite today’s rise, Serko has fallen -12% in the last five days and is down -10% year-on-year. Tourism Holdings (THL, #48) also rose +1%, though its share price has dropped -27% over the past six months and -22% compared to this time last year.
Fisher and Paykel Healthcare
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THE MAIN DECLINERS
Of the 30 decliners, Skellerup (SKL, #29) led losses, down -2% today and -6% over the last five days. However, it remains up +14% for the month and +16% year-on-year. Vector (VCT, #11) slipped -1% but is up +4% over the past month and +14% year-on-year. Gentrack (GTK, #24) also dropped -1%, down -4% over five days, though it’s gained +13% for the month and +22% over the year. Air New Zealand (AIR, #19) was likewise down -1% today, though it remains +10% higher year-on-year.
Skellerup Holdings
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.7% | -0.3% | -0.8% | -1.2% | +6.8% |
| NZ Top 10 ETF (TNZ) | +0.5% | -0.9% | -4.6% | -6.4% | +3.4% |
| S/P NZX50 ETF (NZG) | +1.2% | -0.2% | -1.4% | -2.2% | +6.4% |
| NZ Dividend ETF (DIV) | 0% | -0.3% | -3.3% | -1.7% | +1.9% |
KEY ANNOUNCEMENTS
Meridian Energy (MEL, #2) will replace five Wilson Transformer Company (WTC) units at the Manapōuri Power Station over the next two and a half years after independent advice suggested they may develop similar faults to two units removed in 2023. Meridian has already sourced new replacements, with minimal impact on generation expected. The company is continuing discussions with WTC regarding a resolution.
Argosy Property (ARG, #31) has reported a strong result for the year ended 31 March 2025, with net profit after tax of $125.9 million, driven by a $72.7 million revaluation gain and steady net distributable income of $55.8 million. Occupancy remained solid at 96.5% with a WALT of 5.1 years, and the company achieved 3.5% annualised rental growth and an 86% tenant retention rate. The portfolio’s NTA per share rose to $1.53, and gearing stayed within the 30–40% target band. Progress on green developments continues, with 37.2% of the portfolio now green-rated, and major recognition was received at the PCNZ Awards. FY26 dividend guidance remains steady at 6.65 cents per share.
NZX50 Energy Sector
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