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 Index is down -0.2% so far today, essentially unchanged over the past month. Year-on-year, the index is still up +7.2%.
THE MAIN GAINERS
There are 31 gainers in the equity market, led by Kathmandu Brands (KMD, #50), which rose +5% today and is up +10% over the past five days. Year-on-year, Kathmandu remained down -24%. The Warehouse Group (WHS, #48) gained +4%, although it has declined -9% over the week and -19% since this time last year. Heartland Group Holdings (HGH, #35) added +3%, up +6% over the past five days but down -16% year-on-year. Channel Infrastructure (CHI, #32) lifted +1%, with a +14% gain over the last six months and +36% year-on-year.
Kathmandu
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THE MAIN DECLINERS
On the downside, 42 companies declined today, with Ryman Healthcare (RYM, #18), Tourism Holdings (THL, #49), Hallenstein Glassons (HLG, #43), and Fletcher Building (FBU, #14) all falling -2%. Despite today's drop, THL is up +5% for the week but down -23% for the year. HLG gains +4% over the past month and +50% year-on-year, while FBU has climbed +6% over the last five days and is up +11% since this time last year.
Ryman Healthcare
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.2% | +0.5% | -1.2% | -3.4% | +5.5% |
| NZ Top 10 ETF (TNZ) | +0.4% | -0.2% | -4.5% | -8.1% | +1.9% |
| S/P NZX50 ETF (NZG) | +0.1% | -0.2% | -2.0% | -4.3% | +5.0% |
| NZ Dividend ETF (DIV) | -0.4% | +1.0% | -1.4% | -2.3% | +5.1% |
KEY ANNOUNCEMENTS
Infratil (IFT, #4) has confirmed the successful completion of its Exchange Offer for new 7-year fixed rate infrastructure bonds maturing 16 June 2032, allocating $22.56m in new bonds. Combined with the earlier $100m Firm Offer, the total issue amount stands at $122.56m.
Kiwi Property (KPG, #23) has set the price for its Dividend Reinvestment Plan (DRP) at $0.8831 per share for the quarterly dividend due on 19 June 2025, reflecting a 2% discount to the five-day volume weighted average price post ex-date. Around 28% of shareholders, holding 43% of issued shares, have opted to participate in the DRP.
Fletcher Building (FBU, #14) will release its financial results for the year ending 30 June 2025 before market open on Wednesday, 20 August 2025.
NZX50 Technology Sector
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