sign up log in
Want to go ad-free? Find out how, here.

Here are the key changes to know about in the New Zealand equity market; Ryman leads gainers with Scales, Kathmandu and Gentrack. Tourism Holdings, Vista, PFI and Argosy weigh on the NZX50

Investing / news
Here are the key changes to know about in the New Zealand equity market; Ryman leads gainers with Scales, Kathmandu and Gentrack. Tourism Holdings, Vista, PFI and Argosy weigh on the NZX50
NZX building ticker

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 edging higher, up a modest +0.1%. Over the past five days the index has gained +0.9%, adding +2.4% across the past month. Year-on-year, the benchmark is ahead +6.2%.

THE MAIN GAINERS
There are 49 stocks trading higher today. The strongest performer is Ryman Healthcare (RYM, #16), up +3%. Over the past month Ryman has risen +13%, though it remains down -35% year-on-year. Scales Corp (SCL, #35), Kathmandu Holdings (KMD, #50), and Gentrack (GTK, #31) each advanced +2%. Scales has delivered a strong run, up +45% over six months and +61% year-on-year. Kathmandu has gained +9% in the past five days and +15% over the month, though it is still down -42% year-on-year. Gentrack has slipped -8% over the past month and is down -16% year-on-year.

Ryman Healthcare

Select chart tabs

Source:
Source:
Source:
Source:
Source:

THE MAIN DECLINERS
There are 36 stocks in decline. Tourism Holdings (THL, #42) posted the largest drop, down -3% today, though it remains up +6% over the month, +67% over six months, and +50% year-on-year. Vista Group (VGL, #38), Property for Industry (PFI, #25), and Argosy Property (ARG, #30) each fell -2%. Vista is down -4% over the month and -11% across six months, while flat year-on-year. Property for Industry has gained +21% over six months and +13% year-on-year. Argosy has risen +33% over six months and +18% year-on-year.

Tourism Holdings

Select chart tabs

Source:
Source:
Source:
Source:
Source:

SMARTSHARES EFTs

  1-day 5-day 6-month YTD 1Y
NZ Top 50 ETF (FNZ) +0.2% +1.4% +14.5% +5.7% +4.6%
NZ Top 10 ETF (TNZ) 0.0% -0.4% +9.2% -5.2% -2.4%
S/P NZX50 ETF (NZG) +0.6% +1.8% +13.7% +2.7% +3.5%
NZ Dividend ETF (DIV) +0.1% +1.5% +25.7% +14.8% +12.8%

KEY ANNOUNCEMENTS
Ryman Healthcare (RYM, #16) reported 367 occupation right agreement (ORA) sales in Q2 FY26, comprising 93 new sales and 274 resales, up 9% on Q1 but down 18% on the record Q2 FY25. Sales momentum was supported by improved conversion rates, targeted pricing initiatives and strong lead generation, while occupancy across mature aged care centres eased slightly to 95.8% due to winter seasonality. The company also began closing two Christchurch rest-home-only facilities as part of its aged care review, with residents transitioning to newer villages including the recently opened Kevin Hickman centre. CEO Naomi James highlighted stronger-than-expected sales under Ryman’s new pricing model, which has lifted average deferred management fees by around 40%. First-half sales totalled 704, down on the prior year but ahead of FY26 guidance, with an updated outlook due at the interim results on 27 November.

Infratil Limited (IFT, #4) will release its interim results for the six months ended 30 September 2025 on Thursday, the 13th of November, with a virtual investor briefing scheduled for 11:00am NZT via live webcast via their website.

NZX50 Healthcare Sector

Select chart tabs

Source: NZX
Source: NZX
Source: NZX

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.