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 +0.3%, up +1.2% over the last five days. Year-on-year, the index is higher by +4.4%.
THE MAIN GAINERS
There were 49 gainers in the equity market, led by Oceania Healthcare (OCA, #46), which rose +4%. Over the past month, Oceania has declined -5%, down -20% year-on-year. The Port of Tauranga (POT, #11) added +2%, advancing +7% over the last five days and delivering a strong +35% gain over the year. Goodman Property Trust (GMT, #15) increased +2%, up +6% over the last six months, though it is down -1% year-on-year. Heartland Group Holdings (HGH, #33) rose +2%, extending its monthly gain to +16%, but was lower by -15% on an annual basis.
Oceania Healthcare
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THE MAIN DECLINERS
There were 32 decliners. The NZX (NZX, #45) fell -3%, down -5% for the month and -11% over the past six months, though it remains up +11% year-on-year. Vulcan Steel (VSL, #32) eased -1%, but is up +3% over the last five days, +23% over six months, and +38% year-on-year. Channel Infrastructure (CHI, #30) declined -1%, gaining +11% for the month. From this time last year the company has gained +38%. Sky Network Television (SKT, #47) slipped -1%, though it gains +6% over the past month and +15% year-on-year.
NZX
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.3% | +1.7% | +3.6% | +1.6% | +3.9% |
| NZ Top 10 ETF (TNZ) | +0.1% | -0.5% | +1.3% | -6.4% | -2.7% |
| S/P NZX50 ETF (NZG) | +0.6% | +1.3% | +3.5% | -0.5% | +2.7% |
| NZ Dividend ETF (DIV) | +0.2% | +2.5% | +12.3% | +8.4% | +8.4% |
KEY ANNOUNCEMENTS
Third Age Health Services (TAH) announced that Chairman John Fernandes will become Executive Chairman following CEO Tony Wai’s departure in October, ensuring leadership continuity during the transition. Fernandes requested his executive remuneration be fully variable and linked to value creation, and the Board is finalising the structure. He will be deemed a non-independent director and step down from the Audit Committee, with Non-Executive Director Bevan Walsh appointed in his place.
Being AI Group (BAI) has been publicly censured and fined NZ$50,000 by the NZ Markets Disciplinary Tribunal for breaches of NZX Listing Rules following the January resignation of two independent directors, which left the board and audit committee non-compliant. The issues were self-reported and remedied in March with the appointment of three new independent directors. BAI, which also agreed to cover investigation costs, said it accepts full responsibility despite the circumstances.
NZX50 Healthcare Sector
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