Here are the key changes to know about in the New Zealand equity market; Market higher as EBOS, Sky TV, Freightways, and Gentrack climb but Kathmandu, Briscoes, Goodman Property, and Oceania are all softer

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 steering towards a +0.6% gain today, which would lift its monthly gain to +1.4% and standing +6.2% higher year-on-year.

THE MAIN GAINERS
Among the 39 gainers, the top four all rose +3%: EBOS Group (EBO, #9), Sky Network Television (SKT, #47), Freightways (FRW, #19), and Gentrack (GTK, #33). EBOS is up +3% over five days, though down -21% in six months and -22% year-on-year. Sky has gained +6% in five days and is up +34% annually. Freightways has surged +43% in six months and +34% year-on-year, while Gentrack is down -9% for the month and -7% annually.

THE MAIN DECLINERS
Of the 38 decliners, Kathmandu Brands (KMD, #50) fell the most, down -3%. The stock is still up +6% for the month but remains -35% lower year-on-year. Briscoe Group (BGP, #28) eased -2%, though it is up +26% in six months and +9% annually. Goodman Property Trust (GMT, #15) and Oceania Healthcare (OCA, #44) both slipped -1%. Goodman is up +14% in six months but down -1% year-on-year, while Oceania has gained +12% this month yet is also -1% lower annually.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
Auckland Airport (AIA, #3) has received the High Court’s decision on the judicial review of the Commerce Commission’s Airport Services Input Methodologies Amendment Determination, filed by Air New Zealand, Qantas, and the Board of Airline Representatives NZ. The Court determined no relief be granted to the airlines. Technical errors identified in the cost of capital determination will instead be addressed through the separate merits review appeal, lodged by regulated airports and the NZ Airports Association in February 2024. Auckland Airport is awaiting the Court’s decision on that appeal.

Genesis Energy (GNE, #18) has acquired the rights to develop a 271MWp solar farm near Rangiriri in Waikato, a $487mln project expected to generate ~437GWh annually (enough to power ~54,600 homes) from mid FY29, with a final investment decision due mid FY27. Initially funded from its balance sheet, the project may later involve capital recycling, aligning with Genesis’s Gen35 strategy to deliver up to 500MWp of solar, complement hydro assets, and reduce reliance on gas. The acquisition lifts Genesis’s advanced‑stage solar pipeline to ~700MWp, with COO Tracey Hickman calling it a key milestone in building world‑class renewable assets while maintaining financial flexibility.

Argosy Property (ARG, #29) will release its interim results for the six months to 30 September 2025 on Wednesday the 19th of November.

Fonterra (FCG) farmer shareholders have approved the $4.22 bln sale of its global Consumer and associated businesses, Mainland Group, to Lactalis, with 88.47% of votes in favour. Chairman Peter McBride said the strong mandate reflects high farmer engagement and will allow the Co-op to simplify and focus on its core strengths. Completion remains subject to regulatory approvals and separation of the Mainland Group, with settlement expected in the first half of 2026. Fonterra is targeting a $2 per share tax-free capital return, equivalent to $3.2bln, once the sale is finalised, with a further shareholder vote required to approve the return.

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