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 gained +0.6% to end the trading week, though it still slipped -0.3% over the past five days. Over the past six months, the index fell -5.0%, but for the year it is up +7.1%.
THE MAIN GAINERS
There are 44 gainers in today’s market. Oceania Healthcare (OCA, #45) leads, up +3% today and +6% across both the week and month. Year-on-year, OCA is up +28%. Infratil (IFT, #4) climbed +3%, paring back recent losses after falling -5% this month and -16% over six months. Infratil remains down -42% year-on-year. Spark (SPK, #11) rises +2%, now up +5% for the week and +18% over six months, gaining +42% since this time last year. Argosy Property (ARG, #29) also added +2%, lifting +6% for the month and +11% year-on-year.
Oceania Healthcare
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THE MAIN DECLINERS
Among the 33 decliners, Kathmandu Brands (KMD, #50) fell -2%, bringing its one-month drop to -10% and six-month decline to -39%. Year-on-year, KMD is down -23%. Mercury Energy (MCY, #5) dipped -1% today, flat for the week and down -22% across the last six months. SkyCity Entertainment (SKC, #36) is also down -1%, now -4% for the month and -37% over six months. a2 Milk (ATM, #9) eased -1%, down -6% for the month but still up +18% year-on-year.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.3% | +0.5% | -4.6% | -3.7% | +5.9% |
| NZ Top 10 ETF (TNZ) | -0.2% | +0.6% | -10.8% | -9.5% | -1.1% |
| S/P NZX50 ETF (NZG) | -0.04% | +0.8% | -5.9% | -5.2% | +4.5% |
| NZ Dividend ETF (DIV) | +0.5% | +0.6% | -1.6% | -0.8% | +6.6% |
KEY ANNOUNCEMENTS
Property For Industry (PFI, #26) presents its Q4 FY25 update, highlighting a strong portfolio with 99.9% occupancy, a stable lease profile, and high tenant cash collection. The company also shares a preliminary H2 FY25 valuation outcome and progress on Green Star-rated developments in East Tamaki and North-West Auckland—both expected to benefit from the Government’s recent 'Investment Boost' tax reforms. PFI reaffirms its FY25 and FY26 dividend guidance at 8.60 cps and 8.80–8.90 cps, respectively.
Oceania Healthcare (OCA, #45) reports strong operational momentum in FY25, with new sales volumes up over 17% and resales up 5%. Notable village performance includes The Helier lifting occupancy to 41% and Redwood Care Suite Centre exceeding expectations by 25%. The company sold $131 million in stock against $120 million of new development, lowering inventory and securing competitive debt refinancing. A $5 million cost-out programme is underway, with a broader $10–15 million optimisation initiative identified. Portfolio improvements include new completions at Awatere, Waterford, and Elmwood, alongside future growth plans at Franklin and Hastings. Six non-core sites were sold to reduce debt and improve portfolio quality.
NZX50 Property Sector
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