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 fell -0.5% so far today, extending its five-day decline to -0.9%. But year-on-year the index remains up +3.9%.
THE MAIN GAINERS
There were 43 gainers, led by Kathmandu Brands (KMD, #50) up +2%, though the stock is down -6% over the past five days, -39% in six months, and -54% year-on-year. Channel Infrastructure (CHI, #32) also rose +2%, gaining +6% in the last week and up +49% compared with this time last year. Air New Zealand (AIR, #21) gained +2%, though it has fallen -3% over the past six months. Year-on-year, the airline is up +11%. Briscoe Group (BGP, #26) also lifted +2%, despite dropping -11% over the past five days. Briscoe is up +2% year-on-year.
Kathmandu
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THE MAIN DECLINERS
There were 34 decliners, with a2 Milk (ATM, #7) the steepest faller, down -3% today, though still up +12% in the past month and +72% year-on-year. Hallenstein Glassons (HLG, #42) fell -2% but remains up +8% for the month, +14% over six months, and +41% year-on-year. Fletcher Building (FBU, #15) slipped -2%, though it is up +2% in the past five days and +15% year-on-year. Oceania Healthcare (OCA, #45) eased -1%, down -2% over the week and -16% year-on-year.
A2 Milk
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.4% | -1.1% | +6.1% | +1.7% | +3.7% |
| NZ Top 10 ETF (TNZ) | -0.5% | -0.9% | +5.4% | -6.6% | -4.3% |
| S/P NZX50 ETF (NZG) | -0.4% | -0.2% | +7.3% | -0.2% | +1.4% |
| NZ Dividend ETF (DIV) | +0.4% | -0.5% | +16.2% | +9.1% | +8.2% |
KEY ANNOUNCEMENTS
Vulcan Steel (VSL, #29) has completed the retail shortfall bookbuild of its fully underwritten 1-for-9 entitlement offer, raising total gross proceeds of approximately AU$87.1mln (NZ$96.6mln) through the issue of 14.6 million new shares. Around 2 million shares were sold in the retail shortfall bookbuild at A$7.20 per share, a A$1.25 premium to the offer price of A$5.95. Eligible and ineligible retail shareholders who did not take up their entitlements will receive A$1.25 per share sold, less any applicable withholding tax.
NZX50 Industrial Sector
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