Here are the key changes to know about in the New Zealand equity market; NZX50 edges up +0.3% led by gains by Tourism Holdings, Kathmandu, Turners, and Oceania. Goodman, Gentrack, Mercury Energy, and The Port of Tauranga all decline

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 rises +0.3% today, though it's still down -0.6% over the last five days. The index dropped -1.5% over the last six months but holds a +2.4% gain year-on-year.

THE MAIN GAINERS
Fifty-four stocks post gains. Tourism Holdings (THL, #46) and Kathmandu (KMD, #50) both lift +2%. THL is down -4% over the past month and -5% year-on-year. Kathmandu also fell -2% for the month and is down -41% from this time last year. Turners Automotive (TRA, #40) climbed +1%, up +3% over five days and +57% year-on-year. Oceania Healthcare (OCA, #43) gained +1%, up +6% over the month, but still down -10% annually.

THE MAIN DECLINERS
Twenty-five stocks finish lower. Goodman Property Trust (GMT, #15) and Gentrack (GTK, #26) both fell -2%. GMT is down -4% over the month, while Gentrack dropped -7% over five days but holds a +3% annual gain. Mercury Energy (MCY, #5) slipped -1%, up +1% for the month but down -13% year-on-year. Port of Tauranga (POT, #11) also eased -1%, though it gains +10% over six months and +25% for the year.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
The NZX (NZX, #45) has announced that Chief Executive Mark Peterson will step down at the end of April 2026, following the company’s annual general meeting. Mr Peterson has served as CEO since 2017, after joining the company in 2015 and initially serving as Head of Markets. Reflecting on his tenure, Mr Peterson said his focus had been on executing NZX’s growth strategy and delivering long-term value. He highlighted recent milestones including the launch of NZX Dark, S&P/NZX20 equity futures, and growth in the Smart and NZX Wealth Technologies businesses—now cashflow positive from external client activity. Chair John McMahon praised Mr Peterson’s leadership, noting the company’s operating earnings have risen from $28.6m to $48.5m since 2017, and Wealth Technologies' FUA has grown from $2b to $17.2b. NZX will now begin a global search for his successor to ensure a smooth leadership transition.

SkyCity Entertainment (SKC, #36) has officially launched its new Carded Play system across all New Zealand casinos. Under the initiative, customers must use a SHOW by SkyCity card—linked to verified ID—for all machine and table gaming. The system is designed to enhance player safety and support responsible gambling. Chief Operating Officer Callum Mallett said the new system is working as expected and reflects SkyCity’s commitment to a safer, more sustainable gaming environment. Players can still use cash, QUICK Pay, or TITO tickets, but all gaming requires a registered SHOW card. An update on its performance will be provided with SkyCity’s full-year results on 21 August 2025. The SHOW card also offers access to SkyCity’s refreshed loyalty programme.

Argosy Property (ARG, #30) has increased and extended its syndicated bank facilities by $100 million, bringing the total to $625 million. The facility is held with ANZ, BNZ, CBA, Westpac, and ICBC. A new $100 million tranche (Tranche C) has been added, maturing in July 2032. The updated tranche structure now includes:

- Tranche A: $200m, expiring October 2028
- Tranche B: $225m, expiring October 2029
- Tranche C: $100m, expiring July 2032
- Tranche D: $100m, expiring October 2030

Argosy’s average funding tenor, including its green bonds, is now 3.6 years.

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