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 recorded a minor -0.2% decline, though it advanced +1.5% over the previous five days. Over the past six months the index dropped -0.7%, while year-on-year it gained +2.2%.
THE MAIN GAINERS
There were 37 gainers in the market. a2 Milk (ATM, #8) led, rising +5%, lifting its share price +10% over the past five days and +49% year-on-year. Mercury Energy (MCY, #5) posted the next biggest gain, up +2% following its FY25 results, bringing it +2% higher over six months but still -4% lower year-on-year. Genesis Energy (GNE, #16) gained +1%, up +4% over the last five days and +7% year-on-year. Heartland Group Holdings (HGH, #34) also rose +1%, up +4% for the month, but remained down -29% year-on-year.
A2 Milk
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THE MAIN DECLINERS
Meanwhile, 39 stocks finished in the red. Hallenstein Glassons (HLG, #43) fell -3%, down -5% over the past five days and -6% for the month, though it was still +35% higher year-on-year. Kathmandu Brands (KMD, #50) dropped -2%, down -7% for the month and -49% year-on-year. Napier Port Holdings (NPH, #39) also declined -2%, down -5% over the past five days and -7% for the month, but up +26% year-on-year. Vector (VCT, #12) slipped -2%, though it gained +11% over the last six months and +17% year-on-year.
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.1% | +1.2% | -3.1% | -0.6% | -0.2% |
| NZ Top 10 ETF (TNZ) | -0.3% | +0.9% | -3.7% | -6.5% | -4.7% |
| S/P NZX50 ETF (NZG) | -0.4% | +0.9% | -2.5% | -2.2% | -0.2% |
| NZ Dividend ETF (DIV) | -0.2% | +0.1% | +3.0% | +3.9% | +2.1% |
KEY ANNOUNCEMENTS
Synlait Milk confirmed it is in early discussions with a party regarding its North Island assets, but said no binding terms have been agreed and there is no certainty a transaction will proceed, adding it will update the market as required under disclosure obligations.
Mercury Energy (MCY, #5) reported FY25 earnings down sharply, with net profit after tax at $1mln (vs $290mln last year) and EBITDAF falling to $786mln amid weak hydro inflows, lower wind speeds and ongoing gas constraints, though it reaffirmed its long-term growth plans. Total generation fell -10% to 7,906GWh, while operating costs rose and growth CAPEX surged to $347mln as the company advanced $1bln of projects, including wind, geothermal, and major hydro upgrades. Mercury declared a final dividend of 14.4cps, bringing the full-year to 24.0cps (up +3%), and guided FY26 EBITDAF of $1bln with CAPEX of ~$600mln. The company said it is focused on delivering more renewables, supporting customers through cost pressures, and rebuilding confidence in the sector while progressing a refreshed strategy and leadership structure.
NZX50 Food Sector
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