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 has dipped -0.2% so far today, but holds a +1.6% gain over the past month and is now up +8.5% year-on-year.
THE MAIN GAINERS
There are 29 gainers across the market, led by Kathmandu (KMD, #50) which surged +8% for the day. The stock is up +5% over the last five days but remains -26% down year-on-year. Meridian Energy (MEL, #2) has risen +2%, bringing its five-day gain to +5%. Goodman Property Trust (GMT, #15) also lifted +2%, gaining +1% for the year, while Precinct Properties (PCT, #22) gained +2% and is now up +12% for the year.
Kathmandu
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THE MAIN DECLINERS
On the other side, there are 47 decliners. a2 Milk (ATM, #9) fell -5%, with its six-month gain now to +34%. Ryman Healthcare (RYM, #18) dropped -3%, now declining by -46% over the last six-month period. Mainfreight (MFT, #8) declined -2% for the day, down -4% year-on-year. Infratil (IFT, #4) also eased -2%, though still sits +6% for the month, and declines -2% on a year-on-year basis.
A2 Milk
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.7% | 0% | -2.3% | -1.9% | +7.8% |
| NZ Top 10 ETF (TNZ) | -0.7% | -1.2% | -8.2% | -8.2% | +0.8% |
| S/P NZX50 ETF (NZG) | 0% | -0.1% | -3.9% | -3.6% | +5.9% |
| NZ Dividend ETF (DIV) | 0% | +0.7% | +1.0% | +1.0% | +9.6% |
KEY ANNOUNCEMENTS
NZX has announced amendments to the Individual Contract Specification and the Contract Terms and Administrative Procedures (CTAP) for the upcoming relaunch of the S&P/NZX 20 Index Futures Contract (NZX 20 Futures). The changes, which have received all necessary regulatory approvals, will take effect from Monday, 4 August 2025. NZX confirms that the NZX 20 Futures Contract will remain suspended until its relaunch.
Tourism Holdings (THL, #45) has provided an update on North American cross-border tariffs, confirming that the Government of Canada has issued a Remission Order granting an indefinite and broad exemption on tariffs for recreational vehicles imported by THL from the USA. Additionally, an existing exemption for recreational vehicles exported from Canada to the USA remains in place. These developments allow THL to acquire and sell recreational vehicles across the USA-Canada border without incurring tariffs.
Summerset (SUM, #16) reports a record 402 sales of occupation rights for Q2 2025, comprising 222 new sales and 180 resales, marking its highest-ever quarter and bringing total 1H25 sales to 692—up 18% on 1H24. CEO Scott Scoullar attributes the strong performance to high demand and company-wide efforts, with nearly half of sales occurring outside Auckland, Wellington, and Christchurch. The company also saw a 6% decrease in uncontracted new stock and over 50% growth in contracted stock. Sales at the flagship St Johns village are progressing ahead of budget, with around 50% of apartments and 60% of care units either sold or occupied. Summerset remains on track to deliver 650–730 homes in FY25 and will report HY25 results on 28 August 2025.
NZX50 Tourism Sector
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Click on the chart title to find more about this sector, including its components.
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