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 +0.8% on Monday, extending its monthly advance to +2.2% and leaving the benchmark up +6.4% over the past year.
THE MAIN GAINERS
Market breadth was strong, with 55 stocks advancing. Infrastructure investor Infratil (IFT) climbed +3%, adding to a +4% gain over the past five sessions and leaving it +3% higher year-on-year. Oceania Healthcare (OCA) rose +2%, building on a +9% monthly rally, though the stock remains -7% lower than a year ago. Heartland Group Holdings (HGH) also added +2%, up +6% in the past week and +2% over the year. Scales Corp (SCL) gained +2% as well, extending a +4% five-day rise and standing +12% higher year-on-year.
Infratil
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THE MAIN DECLINERS
On the downside, 24 companies declined, though losses were modest. Meridian Energy (MEL) slipped -1%, trimming recent gains but leaving the stock down -4% over the year. Port of Tauranga (POT) also eased -1%, despite a +2% lift over the past week; the stock remains one of the year’s stronger performers, up +24% year-on-year. Tourism Holdings (THL) fell -1%, extending a -2% five-day drop, though it has surged +45% over the past 12 months.
Meridian Energy
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +1.1% | +1.4% | +7.2% | +2.4% | +4.7% |
| NZ Top 10 ETF (TNZ) | +0.5% | +0.9% | +4.2% | -6.6% | -1.9% |
| S/P NZX50 ETF (NZG) | +0.6% | +0.6% | +5.8% | -0.7% | +2.5% |
| NZ Dividend ETF (DIV) | +1.3% | +2.1% | +18.5% | +11.3% | +13.3% |
KEY ANNOUNCEMENTS
Auckland International Airport (AIA, #3) has launched a retail bond offer of up to NZ$150 mln in five-and-a-half-year fixed-rate bonds, with the option to accept an additional NZ$50 mln in oversubscriptions, maturing on 8 April 2031. The bonds, expected to be rated A- by S&P Global Ratings and quoted on the NZX Debt Market, open with an indicative margin range of 0.85–0.90% per annum, with the final margin and interest rate to be set after the 1 October 2025 bookbuild.
Synlait Milk reported a net profit after tax of $0.8 mln for the year ended 31 July 2025, alongside EBITDA of $107.2 mln and net debt of $250.7 mln, while achieving a record milk price of $10.16 per kgMS. The company also confirmed a binding conditional agreement to sell its North Island assets to Abbott for about US$178 mln (NZ$307 mln), with completion targeted for 1 April 2026. Proceeds will be used to significantly reduce debt, enabling Synlait to refocus on its Canterbury operations and strengthen long-term profitability through its Dunsandel facility and Dairyworks business. Given the scale of this strategic reset, Synlait has withheld FY26 financial guidance, with the board aiming to release an updated strategic plan by March 2026.
NZX50 Tourism Sector
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