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 ending the trading week on a positive note, up +0.4%, gaining +3.2% over the past month and +3.7% year-on-year.
THE MAIN GAINERS
There are 37 gainers on the board today, led by Heartland Group Holdings (HGH, #35) which climbed +3%. Despite today’s gain, the stock remains down -21% over the last six months and -25% year-on-year. Infratil (IFT, #4) rose +2% today, although it slipped -2% across the past five days. Year-on-year, Infratil is up +4%. Hallenstein Glassons Holdings (HLG, #44) also lifted +2%, up +7% over the week and a strong +58% for the year. Oceania Healthcare (OCA, #43) edged up +1%, though it remains down -13% over six months and -11% for the year.
Heartland Group Holdings
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THE MAIN DECLINERS
Meanwhile, 36 stocks finish in the red. Gentrack (GTK, #26) is the day’s biggest decliner, falling -6% and dropping -13% in the past five sessions, with its share price now flat year-on-year. Vulcan Steel (VSL, #31) shed -3% today, down -1% for the year. SkyCity Entertainment (SKC, #36) lost -2%, although it has gained +6% over the last five days, down -33% year-on-year. Sky Network Television (SKT, #48) also dropped -2%, but holds a +6% gain over the week, +3% over six months, and +14% year-on-year.
Gentrack
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.4% | -0.7% | -0.7% | -1.1% | +1.9% |
| NZ Top 10 ETF (TNZ) | +0.2% | +0.1% | -6.6% | -7.1% | -2.5% |
| S/P NZX50 ETF (NZG) | +0.2% | -0.2% | -2.4% | -2.7% | +0.4% |
| NZ Dividend ETF (DIV) | +0.1% | +0.3% | +3.1% | +2.2% | +5.9% |
KEY ANNOUNCEMENTS
Gentrack Group (GTK, #26) has been informed it is no longer part of an Australian customer’s platform replacement process. While the financial impact is not material, the company is updating investors out of caution. Gentrack does not expect this decision to affect revenue this year or next and remains confident in its medium-term guidance of 15%+ CAGR revenue growth and a 15–20% EBITDA margin (post-development costs). The company will provide further updates at its Investor Day in early December following November’s full-year earnings.
Fletcher Building (FBU, #14) has confirmed that Moody’s Ratings has maintained the company’s Baa3 credit rating with a stable outlook following a periodic review. CEO Andrew Reding welcomed the outcome, reaffirming the company’s commitment to maintaining investment-grade credit metrics over time, as outlined at its recent Investor Day.
KMD Brands (KMD, #50) has appointed Carla Webb-Sear as Group Chief Financial Officer, effective 4 August, following an extensive global search. She joins from Qantas, where she was CFO and Strategy Officer of the Loyalty division, and brings over 20 years of financial leadership across consumer, media, and tech sectors. CEO Brent Scrimshaw welcomed her appointment, highlighting her strong track record in driving transformation, profit growth, and disciplined financial management. Carla will be based at KMD Brands’ Melbourne headquarters, with Ben Washington returning to his role as Deputy CFO.
NZX50 Technology Sector
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