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 close up +0.2% today, trimming its five‑day loss to -0.4%. The index remains +11.5% higher over the past six months and up +4.3% year‑on‑year.
THE MAIN GAINERS
A total of 52 stocks advanced, led by Vista Group (VGL, #40) which jumped +5%, though it remains down -3% over five days and -12% year‑on‑year. F&P Healthcare (FPH, #1) rose +2% but is still -4% lower for the month and year. Heartland Group (HGH, #32) also gained +2%, extending its monthly rise to +9% and yearly gain to +4%. Kathmandu Holdings (KMD, #50) added +2% but remains under pressure, down -8% over five days and -35% year‑on‑year.
Vista Group
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THE MAIN DECLINERS
On the downside, 33 stocks fell. Gentrack (GTK, #33) and Briscoe Group (BGP, #28) both slipped -2%. Gentrack is down -15% for the month and year, while Briscoe has gained +19% in six months and +2% annually. Sky Network Television (SKT, #48) and Serko (SKO, #49) each eased -1%. Sky remains a standout performer, up +38% in six months and +20% year‑on‑year, while Serko is down -9% for the month and -8% annually.
Gentrack
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.1% | -0.7% | +12.3% | +3.6% | +3.3% |
| NZ Top 10 ETF (TNZ) | +0.2% | -0.7% | +5.6% | -6.3% | -3.6% |
| S/P NZX50 ETF (NZG) | -0.1% | 0.0% | +9.2% | +0.4% | +1.2% |
| NZ Dividend ETF (DIV) | +0.2% | -0.6% | +24.0% | +13.2% | +11.3% |
KEY ANNOUNCEMENTS
Genesis Energy (GNE, #18) reported a strong first‑quarter FY26 result, underpinned by above‑average rainfall and portfolio optimisation that lifted hydro generation to 904GWh, up 218GWh on pcp, while reducing thermal output by 498GWh to 784GWh. Lake levels rose to 113% of average by 30 September, providing strong water security heading into summer. Progress continues on the 100MW/200MWh Huntly BESS project, biomass supply agreements with Carbona and Foresta, and a $6mln EECA funding boost. The company remains on track with its digital investment programme and billing platform rollout, while planned maintenance, including a Unit 5 outage, is proceeding to schedule. Genesis reaffirmed FY26 guidance and will provide further detail on its Gen35 strategy, capital allocation, and long term earnings outlook at its Investor Day in Taupō on the 26th to the 27th of November.
Heartland Group Holdings (HGH, #32) delivered a solid Q1 FY2026 result to 30 September, with improved profitability and ROE supported by expanding net interest margins, stable costs, and stronger asset quality in Motor Finance. Reverse Mortgages continued to grow strongly across both New Zealand and Australia, while subdued conditions weighed on other lending portfolios. Non‑strategic asset realisation accelerated, including the full exit of Harmoney and Alex Bank shareholdings, with total NSAs expected to fall to $179.5mln by year end, down -66.6% since June 2024. Heartland Bank’s NPL ratio was steady at 3.22%, with underlying improvements excluding NSAs, while arrears in Business Finance rose but are expected to ease in Q2. In Australia, Reverse Mortgage receivables grew +17.2% in Q1, though Livestock Finance contracted seasonally. Heartland Bank Australia also repaid its final AU$100mln medium term note early in October, replacing it with lower‑cost deposit funding, which will weigh on Q2 results but deliver margin benefits in FY2027 and FY2028.
Vista Group International (VGL, #40) reported that while Q3 box office activity was softer, year‑on‑year revenue growth continues. The company reaffirmed its FY2025 EBITDA margin guidance, which remains within the previously indicated range of 16 to 18%.
Skellerup Holdings (SKL, #31) Chair John Strowger told today’s Annual Shareholders’ Meeting that FY26 has begun strongly, with Q1 earnings up +10% on the prior year, supported by robust demand across product applications, particularly dairy and infrastructural pipe. While 80% of revenue is generated offshore, Strowger noted uncertainty around potential changes to US market access costs. Assuming no significant shift in trading conditions, Skellerup expects FY26 net profit after tax in the range of $55–$60 mln, and remains focused on servicing existing business while pursuing new product and market opportunities.
NZX50 Energy Sector
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