Here are the key changes to know about in the New Zealand equity market; NZX50 looking at a minor lift as Ryman, Vulcan Steel, SkyTV, and Oceania leads gains; Mercury, Meridian, Precinct, and Vital Healthcare the main decliners

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 set to go +0.3% higher today, extending its five‑day gain to +1.8% leaving the index up +7.4% year‑on‑year.

THE MAIN GAINERS
Among 57 gainers, Ryman Healthcare (RYM, #16) led with a +5% rise, taking its five‑day gain to +10%, though it remains down -34% over the year. Vulcan Steel (VSL, #28) added +3%, up +1% over the past five days but still -2% lower year‑on‑year. Sky Network Television (SKT, #48) and Oceania Healthcare (OCA, #45) each gained +2%. Sky has climbed +8% in the past week, +46% over six months and +24% year‑on‑year, while Oceania is up +20% over six months but down -6% annually.

THE MAIN DECLINERS
Of the 31 decliners, Mercury Energy (MCY, #5) fell -2%, though it remains up +18% over six months and +1% year‑on‑year. Meridian Energy (MEL, #2) slipped -1%, down -4% annually. Precinct Properties (PCT, #20) also eased -1% but is up +3% over the week and +5% year‑on‑year. Vital Healthcare Property (VHP, #23) declined -1%, though it has surged +33% over six months and +22% year‑on‑year.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
Infratil (IFT, #4) said the 30th of September 2025 independent valuation of its data centre investment CDC rose A$77 mln to A$13.6 bln, lifting Infratil’s 49.7% stake to A$6.78 bln. The increase reflected minor operational updates and changes in valuation methodology by a new independent valuer, including a higher cost of equity partly offset by lower risk premiums. CDC continues to expand, securing about 100MW of new contracted capacity and announcing plans for a new Perth region. Infratil expects to commit a further A$250mln to CDC’s development pipeline within the next six months.

Genesis Energy (GNE, #18) and FRV Australia have agreed to dissolve their solar development joint venture, while continuing co‑ownership of the Lauriston solar farm in Canterbury, which began generation in November 2024. Genesis COO Tracey Hickman said the decision reflects the natural evolution of both companies’ strategies and the growing capability of Genesis’s development team. The company said renewables growth under its Gen35 strategy will reduce reliance on gas and provide greater flexibility for hydro generation, aligning with recent Government electricity market review actions.

Summerset Group (SUM, #17) reported a record 420 occupation right sales in Q3 2025, comprising 244 new sales and 176 resales. CEO Scott Scoullar said the result reflects strong momentum despite a difficult market, with 29% of sales being Care ORAs as the company continues to improve care profitability. More than half of sales came from outside the main centres, with Boulcott, Pāpāmoa and Te Awa the top‑selling villages. Summerset remains on track to deliver 650–730 homes in FY25 and is expanding in Australia, with its fourth Victorian village at Oakleigh South commencing this month and Chirnside Park set to welcome first residents in Q2 2026.

Auckland Airport (AIA, #3) has appointed Murray Burt as Chief Infrastructure Officer to lead its major development program. Burt joins from Auckland Transport, where he oversaw a $16 bln capital programme and $28 bln asset portfolio, and previously held senior global roles with the UN Refugee Agency managing infrastructure projects across 60 countries. CEO Carrie Hurihanganui said his leadership and engineering expertise make him well‑suited to guide the airport’s transformational infrastructure programme.

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