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 is up +0.2% so far today, taking its gain to +3.9% over the past month. Over the past six months the index is down -4.9%, but it remains up +7.0% year-on-year.
THE MAIN GAINERS
There are 44 gainers in the market, led by The Warehouse Group (WHS, #49), which climbs +4%. WHS is up +6% over the past five days and +9% for the month, though it is still down -13% over six months and -23% year-on-year. Vulcan Steel (VSL, #28) gains +3%, despite falling -3% over the past five days and sitting -8% lower year-on-year. Heartland Group Holdings (HGH, #35) also adds +3%; it slips -2% over five days and is down -17% over six months and -20% year-on-year. Freightways (FRW, #21) gains +2%, now up +7% over the month and +35% year-on-year.
The Warehouse Group
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THE MAIN DECLINERS
Among the 32 decliners, SkyCity Entertainment (SKC, #34) and Oceania Healthcare (OCA, #43) both fall -2%. SkyCity is down -6% over the past five days, -17% for the month, and -46% year-on-year. Oceania, despite today’s dip, is up +3% for the month and +10% from this time last year. NZX Ltd (NZX, #40) edges down -1% but remains up +27% over six months and +45% year-on-year. Fletcher Building (FBU, #13) also falls -1%; it is down -4% over the past five days but gains +3% this month and +6% over the year.
SKYCITY Entertainment
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.2% | -0.9% | -4.9% | -2.7% | +4.4% |
| NZ Top 10 ETF (TNZ) | +0.6% | -0.7% | -8.3% | -6.9% | +2.2% |
| S/P NZX50 ETF (NZG) | +0.2% | -0.7% | -5.5% | -3.3% | +4.8% |
| NZ Dividend ETF (DIV) | +0.1% | -0.3% | -4.8% | -2.4% | +2.1% |
KEY ANNOUNCEMENTS
Chorus (CNU, #14) has revised the indicative Initial Margin range for its offer of up to $170m in Capital Notes to 2.05%–2.15% per annum, while maintaining the Minimum Initial Interest Rate at 5.50% until the First Reset Date on 6 June 2031. The final Initial Margin and Interest Rate will be set following the 29 May 2025 bookbuild. Full details are in the replacement PDS dated 23 May 2025, available on the Disclose register (OFR13938).
NZX50 Energy Sector
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Click on the chart title to find more about this sector, including its components.
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