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 -0.9% so far today, though the index remains up +1.1% over the past month, +8.6% over six months, and +4.2% year-on-year.
THE MAIN GAINERS
There were 28 gainers, led by Briscoe Group (BGP, #26) up +2%. Despite a -9% dip over the last five days, the retailer is up +11% in six months and +1% year-on-year. Heartland Group (HGH, #33) also rose +2%, up +25% over six months but down -5% year-on-year. Air New Zealand (AIR, #21) gained +1%, lifting +2% in the past week and +11% year-on-year. Turners Automotive (TRA, #38) added +1%, with shares up +18% over six months and +57% over the year.
Briscoe Group
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THE MAIN DECLINERS
Decliners outnumbered gainers with 45 stocks in the red. Infratil (IFT, #4) led losses, down -3% and -5% over the week, though still +16% in six months and flat year-on-year. Meridian Energy (MEL, #2) slipped -2%, up +4% in six months but down -8% year-on-year. Ryman Healthcare (RYM, #18) fell -2%, extending its -40% annual decline. Vector (VCT, #11) also dropped -2% today, though the stock remains +25% higher year-on-year.
Infratil
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.6% | -0.7% | +7.1% | +1.8% | +4.2% |
| NZ Top 10 ETF (TNZ) | -0.8% | -0.9% | +6.6% | -6.5% | -4.3% |
| S/P NZX50 ETF (NZG) | -0.4% | -0.5% | +6.4% | -0.6% | +1.8% |
| NZ Dividend ETF (DIV) | +0.1% | -0.2% | +15.3% | +9.3% | +9.3% |
KEY ANNOUNCEMENTS
Smartpay Holdings Limited (NZX: SPY) has released its scheme booklet, including the notice of meeting and Independent Adviser’s report, for the proposed scheme of arrangement. The Scheme Meeting will be held at 12.30pm NZDT (10.30am AEDT) on Tuesday, 14 October 2025, both in person at the Ionic Room, Sydney Masonic Centre, and online at https://meetnow.global/nz. Under the scheme, shareholders will receive NZ$1.20 per share, which is within the Independent Adviser’s valuation range of NZ$1.07 to NZ$1.43 per share.
Port of Tauranga Limited (POT, #10) has provided financial assistance to certain eligible employees under its Employee Share Purchase Scheme, in accordance with section 80(1)(b) of the Companies Act 1993. On 18 September 2025, financial assistance was provided in respect of 152,137 shares, with the Trustee paying $1,131,589 as consideration for their issue. The shares were allocated to employees at a 10% discount and funded through interest-free loans totalling $1,018,430, repayable over a minimum of three years and up to five years via regular salary deductions. The Scheme, originally established in 1989 and most recently amended in January 2022, is open to eligible employees of Port of Tauranga and its subsidiary, Quality Marshalling (Mount Maunganui) Limited.
NZX50 Industrial Sector
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