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 has fallen -0.5% so far today but remains up +0.6% over the past five days, up +5.6% over the past six months and up +4.7% year-on-year.
THE MAIN GAINERS
Turners Automotive (TRA, #40) led the 30 gainers, rising +2% to extend monthly gains to +3% and a +66% jump over the year. Tower (TWR, #40) added +1%, up +19% in six months and +44% annually. Napier Port (NPH, #38) gained +1%, lifting +4% in the past month, +19% in six months and +35% over the year. F&P Healthcare (FPH, #1) rose +1%, up +10% in six months and +3% year-on-year.
Turners
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THE MAIN DECLINERS
Declines outweighed gains with 37 stocks lower. Kathmandu Brands (KMD, #50) fell -4%, though still up +11% over five days but down -50% year-on-year. SkyCity (SKC, #41) dropped -3%, extending a -24% fall this month and -48% over the year. Fletcher Building (FBU, #14) slipped -2%, down -5% year-to-date but still up +16% annually. Meridian Energy (MEL, #2) lost -2%, up +4% in six months but down -4% from a year ago.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.5% | +0.9% | +4.9% | +2.6% | +4.9% |
| NZ Top 10 ETF (TNZ) | -0.5% | +0.8% | +2.6% | -5.7% | -2.9% |
| S/P NZX50 ETF (NZG) | +0.4% | +1.4% | +4.9% | +0.5% | +2.9% |
| NZ Dividend ETF (DIV) | +0.1% | +0.9% | +13.8% | +8.8% | +8.8% |
KEY ANNOUNCEMENTS
SkyCity Entertainment (SKC, #41) has completed the retail entitlement offer component of its NZ$159mln fully underwritten pro-rata entitlement offer, raising a total of NZ$240mln alongside an earlier institutional placement. The retail offer brought in NZ$45mln, with eligible shareholders subscribing for about NZ$15mln of new shares, including NZ$3mln in oversubscriptions, resulting in a 33% take-up rate. Around NZ$30mln of shares not taken up will be allocated to underwriters and sub-underwriters. The new shares are expected to begin trading on the NZX on 11 September and the ASX on 12 September 2025, ranking equally with existing shares.
ANZ Group has announced changes to simplify operations and sharpen its strategic focus, with around 3,500 employees expected to depart by September 2026 in Australia as the bank reduces duplication, restructures support services, and cuts back on consultants. The changes will accelerate investment in non-financial risk management, minimise impact on frontline customer roles, and support ANZ’s commitments around the acquisition of Suncorp Bank. A restructuring charge of about $560mln before tax will be included in the 2H25 results, with an update due on 10 November 2025.
Stride Property Group (SPG, #37) has appointed Claire Fisher as General Manager Corporate Services, effective November 2025. Fisher, who will also serve as Company Secretary for Stride Property Group, has 20 years’ experience in legal, corporate finance and NZX roles, including at Chapman Tripp, ANZ and most recently as Chief Legal and Risk Officer at Oceania Healthcare. She will oversee corporate governance, legal, risk and compliance, health and safety, and technology.
NZX50 Property Sector
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Click on the chart title to find more about this sector, including its components.
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