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 rose +0.3% today, extending its gain to +1.7% over the past five days. The index is up +5.2% over the last six months and +4.5% year-on-year.
THE MAIN GAINERS
There were 46 gainers, with the top three rising +3%. Channel Infrastructure (CHI, #30) gained +3%, up +16% for the month, +29% year-to-date and +43% year-on-year. Freightways (FRW, #19) also rose +3%, up +11% over six months and +28% year-on-year. Serko (SKO, #49) added +3%, lifting +13% over the past five days, though still down -33% year-to-date and -21% annually. Vector (VCT, #12) followed with a +2% gain, up +5% for the month and +2% year-on-year.
Channel Infrastructure
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THE MAIN DECLINERS
There were 31 decliners, led by Vista Group (VGL, #37) which dropped -5%, down -14% for the month and -1% year-on-year. Hallenstein Glassons (HLG, #43) fell -2% but remains up +4% over five days and +49% year-on-year. EBOS Group (EBO, #8) declined -2%, now down -5% over the past five days, -22% for the month and -12% annually. Gentrack (GTK, #28) slipped -1%, down -2% over the month, -21% year-to-date and -4% year-on-year.
Vista Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.2% | +1.8% | +4.2% | +1.8% | +4.5% |
| NZ Top 10 ETF (TNZ) | +0.8% | +1.4% | +2.7% | -6.0% | -2.8% |
| S/P NZX50 ETF (NZG) | +0.8% | +2.3% | +4.2% | -0.2% | +2.1% |
| NZ Dividend ETF (DIV) | 0% | +0.8% | +0.8% | +7.8% | +6.9% |
KEY ANNOUNCEMENTS
Fletcher Building (FBU, #14) notes media reports on investigations by MBIE and WorkSafe into potential asbestos contamination in fire doors supplied by Pacific Door Systems, owned by the ASSA ABLOY Group. Fletcher’s project team for the New Zealand International Convention Centre is investigating whether the issue affects doors supplied to the project. Surface testing to date has confirmed no asbestos residue in occupied or public areas, with advice that potentially impacted doors remain safe in their current state. Fletcher Building is working closely with SkyCity to assess any impacts.
Vital (VTL) has clarified that under the Takeovers Code, if Tait reaches the 90% acceptance threshold and its offer becomes unconditional, it will compulsorily acquire all remaining Vital shares at the same offer price of 45 cpc, with no right for shareholders to object or seek an independent price determination. If the 90% condition is not met, the offer will lapse, Vital’s share price is likely to fall back to pre-offer levels, and the business will remain subject to the execution risks set out in its Target Company Statement. The Board continues to recommend shareholders accept the offer by the 12 September deadline.
Meridian Energy (MEL, #2) has set the interest rate for its $350 mln offer of 6.5-year unsecured, unsubordinated, fixed-rate green bonds at 4.55% per annum, comprising a 1.00% margin over the base rate. The bonds will be issued on 11 September 2025, mature on 11 March 2032, and are expected to be quoted on the NZX Debt Market under the ticker MEL080 from 12 September 2025.
NZX50 Energy Sector
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Click on the chart title to find more about this sector, including its components.
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