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 hits a five-day low, falling -1.6% today and marking a -2.5% drop over the past week. Year-on-year, however, the index remains up +6%.
THE MAIN GAINERS
There are 36 gainers across the equity market, led by Investore Property (IPL, #45), which rises +2% and gains +5% over the past five days. Year-on-year, Investore is up +16%. Kathmandu Brands (KMD, #50) also lifts +2% today, though it falls -12% over the past five days and -31% year-on-year. Fletcher Building (FBU, #13) adds +1% today, despite a -5% weekly dip. It remains up +7% over the year. Kiwi Property Group (KPG, #23) also gains +1%, with a -2% decline over the past five days but a +5% monthly rise and +11% year-on-year growth.
Investore Property
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THE MAIN DECLINERS
Of the 44 decliners, Infratil (IFT, #4) leads, down -6% today and -8% over the week. It falls -17% over six months and sits -1% lower year-on-year. Oceania Healthcare (OCA, #43) drops -5%, now down -6% for the week and -21% over six months, though still up +3% year-on-year. F&P Healthcare (FPH, #1) dips -4% but maintains a strong +28% gain year-on-year. Sky Network (SKT, #47) falls -3% today but is up +4% for the week and +7% year-on-year.
Infratil
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -1.0% | -1.8% | -4.3% | -3.7% | +3.7% |
| NZ Top 10 ETF (TNZ) | -0.7% | -1.3% | -6.9% | -7.3% | +2.3% |
| S/P NZX50 ETF (NZG) | -0.8% | -2.1% | -5.3% | -4.5% | +3.9% |
| NZ Dividend ETF (DIV) | -0.6% | -0.2% | -3.4% | -2.5% | +1.0% |
KEY ANNOUNCEMENTS
Infratil (IFT, #4) reported a strong full-year result with proportionate operational EBITDAF of $986m, up +8.6% and near the top of its guidance range, driven by growth across CDC Data Centres, One NZ, Wellington Airport, and RetireAustralia. Key highlights included a +22% lift in CDC earnings, the launch of One NZ’s EonFibre network, record project execution by Longroad Energy, and Infratil’s addition to the MSCI Global Standard and ASX300 indices. The company declared a final dividend of 13.25 cents per share, bringing the full-year payout to 20.50 cents, up +2.5%.
F&P Healthcare (FPH, #1) delivered a record full-year result, surpassing $2b in annual revenue for the first time, with total operating revenue up 16% to $2.02b and net profit after tax rising +43% to $377.2m. Growth was broad-based across both hospital and homecare segments, driven by strong demand for respiratory consumables and obstructive sleep apnea masks. Gross margin improved to 62.9%, and the company invested $226.9m in R&D, launching several new products including the F&P Nova™ mask range. A final dividend of 24.0 cents per share was declared, lifting the full-year payout to 42.5 cents.
Stride Property Group (SPG, #37) reported a FY25 profit after income tax of $21.7m, a $77.8m turnaround from FY24, driven by a smaller net portfolio valuation reduction and positive equity-accounted investment performance. While distributable profit fell to $48.3m due to the removal of commercial building depreciation tax deductions and the Industre restructure, the group maintained its FY25 dividend at 8.0 cents per share—representing a 93% payout of distributable profit. The $1.5b portfolio held strong with 95% occupancy, a 6.6-year WALT, and 6.2% cap rate, with SPL’s office portfolio showing leasing momentum post-upgrades, and its town centre assets posting 5.7% rental uplifts. SIML grew management fee income to $20.4m, progressed $58m in new Industre developments, and managed divestments and acquisitions for Investore, which itself posted a 1.3% portfolio valuation gain. With a conservative 29.0% balance sheet LVR and suspended DRP for Q4, Stride enters FY26 cautiously optimistic, forecasting another 8.0 cent dividend amid early signs of a stabilising property market.
The Warehouse Group (WHS, #49) has appointed current Group CFO Mark Stirton as its new Group Chief Executive Officer, effective 1 August 2025. Stirton, who joined WHS in April 2024, has been instrumental in supporting Interim CEO John Journee in efforts to strengthen performance and reset strategy. TWG Chair Dame Joan Withers praised Stirton’s retail experience, strategic execution, and drive to modernise, citing him as the ideal leader to accelerate the Group’s ongoing transformation. Stirton previously served as CFO at South Africa’s Mr Price Group and holds an MBA in business transformation from the University of Barcelona. John Journee will remain Interim CEO until Stirton takes over, before transitioning to a Non-Executive Director role, though not classified as independent for 12 months. Stirton said he is honoured to lead one of New Zealand’s most iconic businesses and is focused on delivering greater value through innovation, operational excellence, and improved customer experiences.
NZX50 Technology Sector
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