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 down -0.5% so far today, down -0.7% over the past five days. Year-to-date the index is down -2.4%, though it remains +2.2% higher year-on-year.
THE MAIN GAINERS
Twenty-nine stocks posted gains, with the top four rising +1% each. Heartland Group Holdings (HGH, #36) is up +3% over the past five days but remains down -25% for the year. Infratil (IFT, #4) also gained +3% for the week, up +6% over six months and +10% year-on-year. Investore Property (IPL, #47) is up +6% over six months and +3% for the year. Oceania Healthcare (OCA, #45) rose today despite a -1% weekly dip and a -12% year-on-year decline.
Heartland Group Holdings
Select chart tabs
THE MAIN DECLINERS
SkyCity casino fell -3.9%. a2 Milk fell -2.2%. Kathmandu fell -2.0%. Market heavyweight F&P Healthcare was down -1.7% presumably on the US tariff result. EBOS was also down -1.7%.
SKYCITY Entertainment
Select chart tabs
SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.9% | -1.3% | -1.4% | -2.1% | -0.1% |
| NZ Top 10 ETF (TNZ) | -0.1% | -0.8% | -4.3% | -7.5% | -3.4% |
| S/P NZX50 ETF (NZG) | -0.7% | -0.3% | -2.1% | -3.2% | -0.2% |
| NZ Dividend ETF (DIV) | -0.7% | -0.5% | +1.8% | +1.8% | -4.6% |
KEY ANNOUNCEMENTS
The Warehouse Group has announced that John Journee will become Chair of the Board following the Annual Shareholders’ Meeting on 28 November 2025, succeeding Dame Joan Withers. Journee, who recently served as Interim CEO, will resume his non-executive director role until then but will not be considered independent. The Board credited him with initiating the Group’s turnaround by reshaping its operating model, strategy, and cost structure. Journee, a 30-year retail veteran and former Noel Leeming CEO, says he is focused on driving long-term shareholder value. The Board also thanked Dame Joan Withers for her nine years of leadership, noting her role in guiding the company through significant transformation and market challenges.
Downer EDI has been awarded a new Integrated Work Package (IWP) under its existing Defence Major Services Provider contract with Australia’s Capability, Acquisition and Sustainment Group (CASG). The contract, supporting Joint C4 Systems Branch projects, begins 1 September 2025 and is valued at approximately $220m over a potential four-year term. Downer will provide project management, workforce planning, and other professional services to support critical Defence programs, building on its long-standing role in sustaining Navy, Army, and Joint command systems. CEO Peter Tompkins says the contract highlights Downer’s position as Australia’s largest sovereign Defence partner.
Vector (VCT, #12) has sold its HRV business to a consortium of existing franchisees and management for $2.5 million, following a competitive process. Acquired in 2017, HRV provides ventilation, heat pumps, air conditioning, water filtration, and home EV charging solutions, but has struggled to meet performance targets. Vector wrote off the goodwill of the investment in 2019 and says the sale allows it to focus on its core business.
NZX50 Energy Sector
Select chart tabs
Click on the chart title to find more about this sector, including its components.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.