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 is heading for a -0.2% dip today, leaving the index down -1.0% over the past five days. Over the last six months the benchmark remains up +8.1%, with a +6.6% gain year-on-year.
THE MAIN GAINERS
Among the 40 gainers, Kathmandu Brands (KMD, #50) led the market, rising +4%. Despite today’s lift, Kathmandu has fallen -33% over the past six months and is down -52% year-on-year. Oceania Healthcare (OCA, #45) gained +1%, up +3% for the month but still down -12% over the year. Turners Automotive Group (TRA, #39) also rose +1%, taking its six-month gain to +20% and lifting +53% year-on-year. Napier Port Holdings (NPH, #38) advanced +1%, up +4% for the month and +42% compared to a year ago.
Kathmandu
Select chart tabs
THE MAIN DECLINERS
On the downside, 44 stocks finished lower, with the largest NZX50 falls coming from EBOS Group (EBO, #9), Mercury Energy (MCY, #5), Contact Energy (CEN, #6), and Meridian Energy (MEL, #2), each slipping -2%. EBOS has slumped -27% over the past month and is down -19% year-on-year. Mercury has fallen -4% over the past five days but is up +9% year-on-year. Contact gained +5% over the past six months and +15% over the year, while Meridian is also up +5% in six months but down -5% year-on-year.
EBOS Group
Select chart tabs
SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.1% | -0.7% | +6.8% | +1.3% | +5.7% |
| NZ Top 10 ETF (TNZ) | -0.5% | -0.7% | +4.9% | -6.9% | -2.4% |
| S/P NZX50 ETF (NZG) | -0.2% | -0.5% | +6.9% | -0.9% | +3.4% |
| NZ Dividend ETF (DIV) | +0.7% | +1.1% | +16.1% | +10.0% | +11.9% |
KEY ANNOUNCEMENTS
Tower Limited (TWR, #40) has renewed its reinsurance programme for FY26, securing cover across its New Zealand and Pacific portfolios with reinsurance premiums expected to represent 10.7% of Gross Written Premium, down from 13.3% in FY25. The programme increases the catastrophe upper limit to $915mln from $800mln, maintains cover for a third event of up to $85mln, and shifts protection for large property risks from proportional to excess-of-loss cover. Catastrophe reinsurance excess is set at $20mln for each of the first two events and unchanged at $20mln for a third. CEO Paul Johnston said the renewal reflects Tower’s resilience, strong reinsurer partnerships and ability to secure favourable terms.
Kathmandu Brands (KMD, #50) has reported FY25 sales of $989 mln, up +1% on the prior year, but underlying EBITDA fell -65% to $17.7 mln and the Group recorded a statutory net loss of $93.6 mln. No final dividend was declared. The company said August sales were up +10.5% compared to last year, with Kathmandu up +19% and Rip Curl down -1%. Looking ahead, KMD expects EBITDA margin expansion in FY26, supported by cost savings from a recent restructure, store optimisation and targeted promotional activity to improve inventory. The Group is also planning six new store openings, including three Kathmandu flagship concept stores, while closing 14 underperforming sites. Net debt is targeted below $40 mln by the end of FY26.
Air New Zealand (AIR, #21) has completed a A$300 mln 7-year fixed-rate bond issuance under its Australian Medium Term Note programme. The senior unsecured notes carry a coupon of 5.179% per annum, with an issue margin of 137 basis points, and mature on 30 September 2032. The offer was restricted to institutional investors and was well subscribed, with a final order book of around A$2.3 bln.
NZX50 Consumer Goods Sector
Select chart tabs
Click on the chart title to find more about this sector, including its components.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.