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 gained +0.5% today, the first day of the new trading week. Over the past month the index gained +2.1%, up +3.5% year-on-year.
THE MAIN GAINERS
There are 49 gainers in the equity market, with the top four NZX50 gainers advancing +2%. EBOS Group (EBO, #8) has a sharp -16% decline over the last five days, now dropping -7% year-on-year. Kathmandu Brands (KMD, #50) is down -37% over the past six months, declining -56%. Mercury Energy (MCY, #5) gains +9% over the past month, gaining +6% for the year, while Tourism Holdings (THL, #44) is up +20% over the past six months and up +10% for the year.
EBOS Group
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THE MAIN DECLINERS
There are 28 decliners, led by Gentrack (GTK, #28) which fell -3%. Over the last six months Gentrack’s share price is down -11%, down -2% year-on-year. Vista Group (VGL, #37) is down -1%, declining -15% over the past month and down -1% year-on-year. Investore Property (IPL, #48) also declined -1%, gaining +4% over the past six months but down -3% year-on-year. Napier Port Holdings (NPH, #39) is down -7% for the month, gaining +28% for the year.
Gentrack
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.6% | -0.5% | +2.6% | +0.7% | +2.9% |
| NZ Top 10 ETF (TNZ) | 0% | -2.1% | -0.3% | -7.8% | -4.2% |
| S/P NZX50 ETF (NZG) | +0.1% | -1.1% | +2.1% | -1.8% | +1.3% |
| NZ Dividend ETF (DIV) | +0.4% | +1.1% | +11.9% | +8.1% | +8.1% |
KEY ANNOUNCEMENTS
Synlait Milk Limited (SML) advises that Independent Director Paul Washer will retire by rotation and will not stand for re-election at the company’s upcoming Annual Meeting. Paul has served as a Director and Chair of the Audit and Risk Committee since 2022, making a significant contribution during a defining and challenging period in Synlait’s history.
Meridian Energy Limited (MEL, #2) confirmed it is offering up to $250 mln of 6.5-year unsecured, unsubordinated, fixed-rate green bonds to institutional and New Zealand retail investors, with the ability to accept oversubscriptions of up to an additional $100 mln at Meridian’s discretion. The oversubscription amount was increased from $50 mln following pre-offer investor feedback.
The a2 Milk Company (ATM, #7) has completed the acquisition of an integrated nutritional manufacturing facility in Pokeno, New Zealand, including two China label infant milk formula product registrations. Managing Director and CEO David Bortolussi said full ownership provides strategic control over the registrations, which the company plans to relaunch under the a2MC brand within 12–18 months, with potential access to a third registration slot (subject to China regulatory approvals). Chair Pip Greenwood said the acquisition supports the company’s strategy, clarifies future capital requirements, and brings a2MC closer to returning value to shareholders via a proposed $300 mln special dividend, subject to regulatory approvals and the MVM divestment.
NZX50 Energy Sector
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