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 is -0.3% lower today, down -0.5% over the past five days. Over the past six months the index has declined -1.3%, but still shows a +7.9% gain from a year ago.
THE MAIN GAINERS
There are 39 gainers in the market. Serko (SKO, #47) rises +2% today, though it remains down -6% for the month and -2% year-on-year. Ryman Healthcare (RYM, #18) also gained +2%, up +5% over the past five days but still down -31% year-on-year. Vulcan Steel (VSL, #31) climbed +2%, despite a -7% drop over the last five days and a -15% fall year-on-year. Skellerup (SKL, #29) added +2%, down -6% over the past six months but up a strong +25% from this time last year.
Serko
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THE MAIN DECLINERS
There are 37 decliners, led by Kathmandu Brands (KMD, #50), which dropped -5% after hitting an all-time low of $0.27 per share in the last five days — a -13% drop over that period. Year-on-year, Kathmandu is down -30%. Tourism Holdings (THL, #48) fell -2%, but remains up +22% year-on-year. The Port of Tauranga (POT, #10) slipped -1%, down -2% over the past five days, but still up +47% year-on-year. Fisher & Paykel Healthcare (FPH, #1) also declined -1%, though it has gained +18% over the past year.
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.2% | -0.1% | -1.3% | -3.2% | +6.8% |
| NZ Top 10 ETF (TNZ) | +0.1% | +0.5% | -4.7% | -7.8% | +1.2% |
| S/P NZX50 ETF (NZG) | +0.2% | -0.5% | -2.1% | -4.4% | +5.4% |
| NZ Dividend ETF (DIV) | +0.5% | +0.9% | -0.4% | -1.2% | +8.2% |
KEY ANNOUNCEMENTS
Stride Investment Management has appointed David Green as a Director of both Stride Property Limited and SIML, effective today. Green, who currently serves on the boards of EROAD and Westpac NZ and chairs BT Funds Management, brings deep banking and governance expertise from roles at ANZ Group and other organisations. He is expected to transition into the Chair role, with current Chair Tim Storey to step down by or before the 2026 Annual Shareholder Meetings. Green will stand for election at the upcoming AGMs in line with NZX rules.
KMD Brands (KMD, #50) reported a -0.5% year-to-date decline in group sales for the ten months to May 2025, with Rip Curl up +0.4%, Kathmandu down -1.0% (but up +0.3% YTD after strong June sales), and Oboz down -4.1%. Online sales rose +10.7% YTD, and Kathmandu’s upgraded platform drove a +26.1% year-on-year uplift since May. Group gross margins were 140bps lower, and tariffs are expected to impact FY25 EBITDA by ~$1m. FY25 underlying EBITDA is now forecast between $15m–$25m, with net debt expected at ~$70m by 31 July 2025. CEO Brent Scrimshaw highlighted ongoing efforts to manage volatility, cashflow, and medium-term growth, with further updates due at the September Investor Day.
NZX50 Property Sector
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