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 started the week with little-changed, leaving the index down -0.4% over the past five days, up +1.2% for the month, and up +2.9% year-on-year.
THE MAIN GAINERS
There were 33 gainers, though movements were generally modest. Ryman Healthcare (RYM, #16), Mercury Energy (MCY, #5), and Gentrack (GTK, #33) each advanced +3%. Ryman is down -4% over five days but up +15% across six months, while still -39% lower year-on-year. Mercury has gained +17% in six months but is -5% over the year. Gentrack has slipped -12% in the past month and -16% annually. SkyCity Entertainment (SKC, #36) added +1%, extending its +14% monthly rise, though it remains -40% lower year-on-year.
Ryman Healthcare
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THE MAIN DECLINERS
On the downside, 52 stocks declined. Briscoe Group (BGP, #28) led losses, falling -4%, matching its five-day drop. The retailer is still +17% higher over six months, but -3% year-on-year. Stride Property Group (SPG, #37) and Vista Group (VGL, #40) each shed -3%. Stride is up +3% year-on-year, while Vista has fallen -11% in the past month and -15% over the year. Air New Zealand (AIR, #21) eased -2%, down -1% for the month, though it remains +10% higher year-on-year.
Briscoe Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.1% | +0.9% | +12.2% | +3.5% | +2.5% |
| NZ Top 10 ETF (TNZ) | +0.3% | -1.2% | +7.4% | -6.8% | -4.5% |
| S/P NZX50 ETF (NZG) | +0.1% | -3.3% | +10.3% | +0.03% | +0.03% |
| NZ Dividend ETF (DIV) | -0.8% | -1.1% | +22.3% | +12.7% | +9.8% |
KEY ANNOUNCEMENTS
Infratil (IFT, #4) has agreed to acquire TECT Holdings’ 4.92% stake in Contact Energy (CEN) for $437.7mln, or $8.95 per share. The deal will be funded through $218.8mln of existing debt capacity and the issue of $218.8mln of new Infratil shares to TECT at $12.43 per share. On completion, Infratil’s holding in Contact will rise to 14.3%, up from 9.4% following the recent Contact–Manawa merger. CEO Jason Boyes said the transaction strengthens Infratil’s position in a cashflow-generating business while preserving balance sheet flexibility. TECT CEO Wayne Werder noted the long-standing partnership with Infratil and welcomed the opportunity to diversify by becoming a shareholder in the infrastructure investor.
Turners Automotive Group (TRA, #39) has set the strike price for its Dividend Reinvestment Plan (DRP), relating to the dividend payable on 30 October 2025, at NZ$7.18 per share.
NZX50 Technology Sector
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