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 ends the day little changed (up +0.2%), holding a +1.9% gain over the past five days and now up +6.6% year-on-year.
THE MAIN GAINERS
A total of 46 stocks rise across the market. Scales Corporation (SCL, #37) lifted +2%, bringing its five-day gain to +5% and its year-on-year return to +33%. Oceania Healthcare (OCA, #45) also climbed +2%, though it remains down -8% over the past month. On an annual basis, Oceania is up +17%. Argosy Property (ARG, #30) gained +2% as well, though it remains down -0.5% year-on-year. Spark (SPK, #12) added +1%, gaining +4% over the last five days. However, Spark's share price has dropped -19% over six months and -44% year-on-year.
Scales Corp
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THE MAIN DECLINERS
Among 34 decliners, SkyCity Entertainment (SKC, #34) leads these fallers, down -4% today despite a +3% gain over the past five days. It is down -38% year-on-year. Kathmandu Brands (KMD, #50) fell -3%, bringing its one-month loss to -15% and its year-on-year decline to -29%. Ryman Healthcare (RYM, #18) shed -2%, though it is still up +5% over the past five days. Year-on-year, Ryman is down -36%. Tourism Holdings (THL, #49) dipped -1%, extending a -28% six-month decline and a -22% drop year-on-year.
SKYCITY Entertainment
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.3% | +1.6% | -2.2% | -3.7% | +4.7% |
| NZ Top 10 ETF (TNZ) | +0.1% | +0.3% | -5.7% | -8.8% | +0.2% |
| S/P NZX50 ETF (NZG) | +0.8% | +1.6% | -2.4% | -4.3% | +4.6% |
| NZ Dividend ETF (DIV) | +0.5% | +2.1% | -0.3% | -2.0% | +5.3% |
KEY ANNOUNCEMENTS
Scales Corporation (SCL, #37) has upgraded its FY25 earnings guidance, now expecting underlying net profit after tax of $40–$45m, up from its earlier range of $37–$42m. The improvement reflects strong trading across its divisions, particularly in horticulture, where favourable growing conditions have boosted apple export volumes. Scales also confirmed the $24 mln sale and leaseback of Mr Apple’s Whakatu Coolstore, which will settle in August. The revised forecast implies underlying NPAT of $55.5–$61.5m and EBITDA of $97–$104m.
Genesis Energy (GNE, #17) will consolidate its three retail brands—Genesis, Frank, and Ecotricity—into a single unified Genesis brand to streamline operations and enhance customer experience. As part of its Gen35 strategy, the move aims to reduce duplication across systems, improve efficiency, and accelerate innovation in support of New Zealand’s net zero 2050 goals. The Frank brand will be absorbed between June and September 2025, while Ecotricity’s sustainability offerings will be integrated into Genesis following Genesis’ full acquisition of the brand in late 2024.
NZX50 Food Sector
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