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 finishing up +0.4% to close out Friday, gaining +1.6% over the past five days and +1.3% for the month. Year-on-year, the index is up +5.5%.
THE MAIN GAINERS
48 stocks post gains, led by Kathmandu (KMD, #50), which jumped +6% today. Despite the sharp rise, the stock remains down -7% for the month and -38% year-on-year. Channel Infrastructure (CHI, #33) lifted +2%, taking its six-month gain to +8% and +41% year-on-year. Sky Network (SKT, #48) added +1%, up +12% over six months and +19% year-on-year. Heartland Group Holdings (HGH, #36) also rose +1%, though it’s down -26% over six months and -24% from this time last year.
Kathmandu
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THE MAIN DECLINERS
On the downside, 24 stocks are falling. Gentrack (GTK, #27) and Summerset (SUM, #16) lead the decliners, both down -2%. Gentrack is down -5% for the week and flat year-on-year, while Summerset has dropped -7% for the month and -1% year-on-year. Fletcher Building (FBU, #14) slipped -1% for the week, and Ryman Healthcare (RYM, #18) also fell -1%, though it’s up +3% for the month. Ryman remains down -43% 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% | +1.5% | -1.1% | -0.8% | +3.2% |
| NZ Top 10 ETF (TNZ) | -1.0% | +1.7% | -3.8% | -6.9% | -1.4% |
| S/P NZX50 ETF (NZG) | -1.0% | +1.0% | -1.4% | -2.5% | +2.6% |
| NZ Dividend ETF (DIV) | +0.2% | +1.0% | +2.1% | +2.9% | +7.6% |
KEY ANNOUNCEMENTS
Infratil (IFT, #4) and the NZ Super Fund have agreed to sell their 100% stake in RetireAustralia to Invesco Real Estate for A$845m, with the deal expected to complete in Q4 2025, subject to FIRB and other conditions. Infratil anticipates proceeds of ~A$300m (NZ$328m), though the sale will result in an accounting loss of approximately NZ$80m. While the investment has delivered an IRR close to nil over the 11-year holding period, Infratil says the divestment aligns with its strategy to exit non-scalable assets and improve balance sheet flexibility. The transaction also contributes to its broader $1b divestment target and will trigger a forecast NZ$21m negative realised incentive fee to be offset against other fees.
Air New Zealand (AIR, #22) shows group capacity down -0.7% year-on-year, with Long Haul ASKs falling -1.3%, Domestic down -0.5%, and Short Haul International up +0.4%. The declines reflect ongoing global engine maintenance challenges limiting aircraft availability. Despite this, group YTD underlying RASK has improved +1.9% year-on-year, with Short Haul RASK up +0.9% and Long Haul RASK up +2.0%.
NZX50 Technology Sector
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