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 quites flat today, unchanged after recent declines. The index is down -1.4% over the past five days and down -0.7% the past month, while down -5.7% across the last six months. Year-on-year, it remains up +5.3%.
THE MAIN GAINERS
There are 41 gainers in the market, with Kathmandu Brands (KMD, #50) climbing +4% today, although still down -2% over the last five days and -10% for the month. Over six months, KMD is down -37% and -20% year-on-year. Vista Group (VGL, #33) gained +3%, now up +1% over five days and +11% for the month, pushing its annual growth to +50%. Channel Infrastructure (CHI, #31) is up +2%, gaining +3% over five days and +8% for the month, and now up +51% year-on-year. Heartland Group Holdings (HGH, #34) also gained +1% today, though it remains down -7% over the past week and -21% over six months, with a -20% annual decline.
Kathmandu
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THE MAIN DECLINERS
Among 38 decliners, Fletcher Building (FBU, #14) dropped -2% today and -12% over five days. For the month, it's down -12%, although it has gained +5% over six months and +2% over the year. Chorus (CNU, #13) is down -2% today and -1% over five days but remains up +5% over six months and +37% year-on-year. Scales Corp (SCL, #35) slipped -1% but has gained +9% over the month, +18% over six months and +43% year-on-year. Freightways (FRW, #20) also dipped -1%, despite being up +4% for the month and +2% for the last six months.
Fletcher Building
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.4% | -1.2% | -5.3% | -4.4% | +3.9% |
| NZ Top 10 ETF (TNZ) | 0% | -2.1% | -11.1% | -9.8% | -1.9% |
| S/P NZX50 ETF (NZG) | -0.3% | -1.5% | -6.6% | -5.8% | +2.4% |
| NZ Dividend ETF (DIV) | +0.1% | +0.7% | -1.7% | -0.9% | +6.5% |
KEY ANNOUNCEMENTS
Port of Tauranga (POT, #48) has completed all transactions related to the consortium’s acquisition of the minority shareholdings in Marsden Maritime Holdings (MMH), including the sale of its 50% stake in Northport to MMH. The company expects to record a one-off gain of approximately $50 million in FY25 from the sale, which is excluded from underlying earnings guidance. As part of the transaction, Port of Tauranga has received 50 million shares in the newly formed Northport Group Limited, now jointly owned by Port of Tauranga (50%), Northland Regional Council (43%), and Tupu Tonu (7%). MMH has become a fully owned subsidiary of Northport Group Limited and has been delisted from the NZX.
At Serko Limited’s (SKO, #48) Annual Shareholders Meeting on 26 June 2025, all three resolutions were passed by poll vote with strong shareholder support. Darrin Grafton was re-elected as an executive director (99.99% in favour), and Jan Dawson was re-elected as a non-executive director (98.48% in favour). Shareholders also authorised directors to fix the fees and expenses of Deloitte as auditor for the 2026 financial year, with 100% of votes cast in favour.
NZX50 Industrial Sector
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