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Here are the key changes to know about in the New Zealand equity market; Fletcher, Spark, Ryman, and Gentrack lead NZX50 gainers; Heartland, Mercury, Kiwi Property, and Oceania fall

Investing / news
Here are the key changes to know about in the New Zealand equity market; Fletcher, Spark, Ryman, and Gentrack lead NZX50 gainers; Heartland, Mercury, Kiwi Property, and Oceania fall
NZX building ticker

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 rises +0.2% today, lifting +0.7% over the past five sessions and now up +6.8% year-on-year.

THE MAIN GAINERS
Among 43 gainers, Fletcher Building (FBU, #14) leads with a +9% jump, up +3% over the week and +10% from a year ago. Spark (SPK, #12) adds +4%, extending its five-day gain to +5%, though it remains down -15% over six months and -42% year-on-year. Ryman Healthcare (RYM, #18) lifts +3% today and +9% for the week, but remains down -45% over 12 months. Gentrack (GTK, #24) also rises +3%, trimming a -9% six-month decline and bringing its year-on-year gain to +26%.

Fletcher Building

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THE MAIN DECLINERS
On the downside, 29 companies decline. Heartland Group (HGH, #35) falls -2%, though still up +4% for the week, and down -19% year-on-year. Mercury Energy (MCY, #5) sheds -2%, now down -10% from this time last year. Kiwi Property Group (KPG, #23) drops -2%, down -1% over the past month but up +6% year-on-year. Oceania Healthcare (OCA, #45) also dips -2%, having lost -15% over six months, though still up +13% over 12 months.

Oceania Healthcare

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SMARTSHARES EFTs

  1-day 5-day 6-month YTD 1Y
NZ Top 50 ETF (FNZ) +0.2% +0.9% -1.5% -3.1% +4.7%
NZ Top 10 ETF (TNZ) +0.5% +0.8% -4.9% -8.0% +1.6%
S/P NZX50 ETF (NZG) +0.6% +1.2% -2.4% -4.3% +4.6%
NZ Dividend ETF (DIV) +0.1% +1.4% -0.2% -1.9% +4.4%

KEY ANNOUNCEMENTS
Fletcher Building (FBU, #14) has confirmed it continues to receive interest from external parties regarding parts of its business, including the Construction Division, following the announcement of its strategic review. However, no decisions have been made to sell any divisions. Further updates will be shared at its Investor Day on 24 June 2025.

Gentrack Group (GTK, #24) will join the S&P/NZX 20 Index following the June 2025 quarterly review by S&P Dow Jones Indices, with the change effective before market open on Monday, 23 June.

NZX50 Industrial Sector

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Source: NZX
Source: NZX
Source: NZX

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