Here are the key changes to know about in the New Zealand equity market; NZX50 dips -1.1% ; Sky TV, Oceania, Heartland and Channel Infrastructure gain as Auckland Airport, Gentrack, Freightways and Kathmandu slide

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 dropped -1.1% today, taking its six-month decline to -1.7%. Year-on-year, the index remains up +4.1%.

THE MAIN GAINERS
A total of 34 companies posted gains today. Sky Network Television (SKT, #48) leads the market with a +6% gain following a major announcement of acquisitions. The company is now up +7% year-on-year. Oceania Healthcare (OCA, #43) rose +3%, though remains down -10% over the last six months. Oceania is up +1% over the year. Heartland Group Holdings (HGH, #35) also gained +3% but is still down -24% year-on-year. Channel Infrastructure (CHI, #33) added +1% today, continuing a strong run that puts it up +44% over the past year.

THE MAIN DECLINERS
On the downside, 46 stocks finish in the red. The biggest fallers are all down -2% today, including Auckland International Airport (AIA, #3), which is still up +2% over the past five days but down -2% year-on-year. Gentrack (GTK, #26) declineed -6% over the last six months, but remains up +10% over the year. Freightways Group (FRW, #19) also fell -2%, while still gaining +26% over the year. Kathmandu Brands (KMD, #50) sliped -2%, taking its year-on-year loss to -38%.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
Sky (SKT, #48) has announced it will acquire 100% of Discovery NZ Limited from Discovery Networks Asia-Pacific (a Warner Bros. Discovery subsidiary) for $1 (yes, no zeros), on a cash-free, debt-free basis. The deal is expected to complete on 1 August 2025.

Genesis Energy (GNE, #18) reported solid Q4 FY25 performance, highlighting strong execution across its energy portfolio. Key developments include signing a non-binding term sheet to maintain Rankine units through to 2035, backed by Huntly Firming Options and a jointly funded coal reserve. Construction of the Huntly BESS project (100MWx2hr) is underway, while customer flexibility initiatives such as a hot water trial (1.43 GWh demand shift) and Ecobulb distribution (260,000+ units) continue to reduce peak grid demand. Genesis leveraged a short-term flexible gas deal with Methanex to limit thermal generation during low-price periods and demonstrated 200MW of market swing flexibility. All three Rankine units are operational for winter, and hydro assets remain fully available following Rangipo G5’s return. Integration of Frank and Ecotricity into the Genesis brand also progresses, with Frank customer migration expected in Q2 FY26.

Fletcher Building (FBU, #14) said it is exploring potential divestment options for its Construction Division, including Higgins, Brian Perry Civil, and Fletcher Construction Major Projects, following inbound interest and the completion of its strategic review. Financial advisers have been appointed to support the process. CEO Andrew Reding stated the strong performance and strategic value of these businesses within New Zealand’s infrastructure pipeline prompted interest, though no decision to sell has been made at this stage. The company will assess the value of any options before proceeding.

Argosy Property (ARG, #30) has declared a first quarter cash dividend of 1.6625 cents per share for the 2026 financial year, with imputation credits of 0.2785 cents attached. As a PIE, the dividend is excluded income for NZ tax purposes, and overseas investors will receive a supplementary dividend of 0.1264 cents to offset non-resident withholding tax.

Skellerup Holdings Limited (SKL, #32) is releasing its financial results for the year ended 30 June 2025 on Thursday, 21 August 2025.

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