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
As at 3pm, the overall NZX50 index is down -0.3% so far today and easing lower. It is down -1.3% for the past week, down -5.2% since the start of the year, but up +4.2% from this time last year.
THE MAIN GAINERS
There are 41 gainers in the market today, with the top four all rising +2%. Port of Tauranga (POT, #10) continues to perform strongly, gaining +8% over the past month and +36% year-on-year. F&P Healthcare (FPH, #1) is up +6% over the last five days, lifting its year-on-year gain to +24%. Ryman Healthcare (RYM, #18), however, continues to struggle — while flat today, it has declined -14% over the last five days, -50% over the past six months, and -38% year-on-year. EBOS Group (EBO, #6) slips -2% today but remains up +11% over the past year.
Port Of Tauranga
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THE MAIN DECLINERS
Among the 43 decliners, a2 Milk (ATM, #9) leads the downside with a -5% drop, now down -7% for the month. Despite the short-term weakness, it remains up +36% over six months and +9% year-on-year. SkyCity Entertainment (SKC, #35) declines -3%, extending its six-month fall to -37% and marking a -48% drop year-on-year. Kathmandu Brands (KMD, #50) is down -2% today, with a -29% decline over six months and -32% over the year. Oceania Healthcare (OCA, #44) also eases -1%, down -15% in six months but up +11% from this time last year.
A2 Milk
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.3% | -2.4% | -5.3% | -4.7% | +2.9% |
| NZ Top 10 ETF (TNZ) | +1.4% | -1.4% | -9.3% | -8.8% | -0.9% |
| S/P NZX50 ETF (NZG) | +1.2% | -1.7% | -6.2% | -5.4% | +2.5% |
| NZ Dividend ETF (DIV) | +0.1% | -2.6% | -4.4% | -4.4% | +0.8% |
KEY ANNOUNCEMENTS
Meridian Energy (MEL, #2) has announced that its demand response agreement with NZ Aluminium Smelters (NZAS) will conclude early, with NZAS ramping up production from 16 June and completing by 11 August 2025 instead of the originally planned 25 November. This follows improved hydro storage levels, reducing concerns about winter supply. Separately, Meridian has selected UK-based Kraken as its new technology partner for its Retail business, replacing its current billing platform run by subsidiary Flux. The phased migration to Kraken’s AI-enabled system will begin in July and is expected to finish within 12 months. This move follows a 2024 retail restructure and the launch of new customer products, contributing to 8% customer growth since June 2024.
Vital Healthcare Property (VHP, #25) has extended and improved the terms of its funding arrangements, securing longer debt durations and enhanced flexibility. The Trust has refinanced approximately NZ$900m across five existing lenders, increasing its weighted average debt duration to 4.1 years with no maturities until March 2027. A refreshed seven-year A$75m facility was also secured, while around NZ$875m of facilities are now available in either NZD or AUD. Total funding lines remain unchanged at NZ$1.46b. CFO Michael Groth said the improved terms reflect strong lender support and position Vital well for the future.
NZX50 Energy Sector
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