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 tracking another decline today, down -0.9%, extending its five-day slide to -2.2%. Despite the weakness since Trump's tariff threat, the index remains +3.7% higher year-on-year.
THE MAIN GAINERS
A total of 37 stocks posted gains. Genesis Energy (GNE, #18) and Serko Limited (SKO, #49) both rose +2%, with Genesis up +6% month-on-month and +20% year-on-year, while Serko added +3% for the month and is flat over the year. SkyCity Entertainment (SKC, #37) and Sky Network Television (SKT, #48) each advanced +1%. SkyCity has climbed +5% in the past five days and +11% for the month, though it remains -45% lower year-on-year. Sky continues its strong run, up +11% for the month and +26% annually.
Genesis Energy
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THE MAIN DECLINERS
On the downside, 50 stocks declined. Precinct Properties (PCT, #20) led losses, falling -6%, though it remains +15% higher over six months, and -3% year-on-year. Port of Tauranga (POT, #10) and Goodman Property Trust (GMT, #15) each dropped -3%. POT is down -5% over five days but up +29% year-on-year, while Goodman has gained +16% over six months and +1% annually. Vital Healthcare Property (VHP, #23) slipped -2%, down -5% over five days, but still up +14% year-on-year.
Precinct Properties
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.6% | -0.9% | +10.4% | +3.7% | +3.3% |
| NZ Top 10 ETF (TNZ) | -1.2% | -3.2% | +2.8% | -7.8% | -5.2% |
| S/P NZX50 ETF (NZG) | -0.5% | -2.1% | +8.1% | +0.2% | +0.5% |
| NZ Dividend ETF (DIV) | -0.4% | -0.9% | +23.1% | +13.5% | +11.5% |
KEY ANNOUNCEMENTS
Meridian Energy (MEL, #2) reported strong inflows and retail momentum in its latest monthly and quarterly update. National hydro storage rose to 110% of average by 6 October, with South Island at 107% and North Island at 118%. September inflows reached 181% of average, driven by exceptional Waiau catchment volumes (201%). Retail sales volumes were up 18.5% year-on-year, with residential segment growth of 32%. NZ Aluminium Smelters’ load increased to 571MW from 375MW a year ago. For Q1 FY26, total inflows were 120% of average, generation rose 15.1% year-on-year, and retail volumes climbed 13.5% at a 5.9% higher average price. Operating costs and capex were down 5.5% and 6.0% respectively. Meridian’s customer base grew 21.2% year-on-year, while electricity demand rose 4.5% amid a mild, wetter-than-average winter.
Precinct Properties (PCT, #20) has successfully completed the $285 mln bookbuild for its fully underwritten placement, part of a $310 mln equity raise announced on 13 October. The placement was fully subscribed at $1.23 per stapled share, representing a 7.5% discount to the last close. CEO Scott Pritchard noted strong support from existing shareholders and new institutional investors, reinforcing confidence in Precinct’s long-term growth strategy. Proceeds will support a $3.7 bln pipeline of development opportunities and enhance funding flexibility. Settlement and trading of the new shares is scheduled for 17 October, with all shares ranking equally with existing securities.
Fisher & Paykel Healthcare (FPH, #1) will release its half-year results for the six months ended 30 September on Wednesday the 26th of November.
NZX50 Energy Sector
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