Here are the key changes to know about in the New Zealand equity market; NZX50 up +0.6% so far; Investore, Heartland, PFI, Freightways gain as Vista, Kathmandu, EBOS, Gentrack weaken

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 has gained +0.6% so far today, advancing +1.2% over the past five sessions. Over the last six months the index has climbed +13.7%, and it is up +7.1% year-on-year.

THE MAIN GAINERS
There were 50 gainers, led by modest moves. Investore Property (IPL, #48) rose +2%, up +23% in six months and +2% year-on-year. Heartland Group (HGH, #32) also gained +2%, up +5% for the month and +8% annually. Property for Industry (PFI, #26) advanced +2%, up +3% in five days and +16% year-on-year. Freightways (FRW, #19) added +1%, gaining +8% in five days and +38% annually.

THE MAIN DECLINERS
Only 27 decliners were on the board as of when this story was written, Vista Group (VGL, #39) and Kathmandu Brands (KMD, #50) led losses. Vista is down -10% for the month and -7% year-on-year, while Kathmandu fell -8% in five days and is -35% lower annually. EBOS Group (EBO, #9) has dropped -22% in six months and -9% year-on-year. Gentrack (GTK, #33) eased -1%, though it is up +4% in five days; year-on-year it remains -9% lower.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
Ryman Healthcare (RYM, #16) will release its half‑year results for the six months to the 30th of September on Thursday the 27th of November.

Hallenstein Glassons Group (HLG, #42) reported group sales of $470.7mln for the 12 months to 1 August 2025, up +8.1% on the prior year. Gross margin was steady at 59.3% despite FX headwinds. Audited net profit before tax rose +12.1% to $58.4mln, while net profit after tax increased +14.4% to $39.5mln. The Group said it maintains a strong balance sheet and working capital position.

The Warehouse Group (WHS) has appointed Hamish Rumbold as an Independent Non‑Executive Director effective 19 November, while Robert (Robbie) Tindall will step down following the Annual Shareholders’ Meeting on the 28th of November. Chair Dame Joan Withers, who will retire at the same meeting with John Journee to succeed her, said Rumbold brings strong governance and commercial experience as the Group undertakes a turnaround to restore performance. She also acknowledged Tindall’s long-standing contribution since joining the Board in 2020. Following the meeting, the Board will comprise John Journee (Chair), Dean Hamilton, Rachel Taulelei, Caroline Rainsford, Tony Carter, and Hamish Rumbold.

Santana Minerals (SMI) reported strong progress in Q1 FY26 as it advanced the Bendigo‑Ophir Gold Project toward commercialisation, highlighted by an updated PFS showing improved metrics and a reduced capital requirement, with the project’s forecast after‑tax NPV6.5 rising to ~A$2.05bln on higher gold prices. Drilling at the Rise & Shine system continues to return high‑grade results, while the company secured agreements to acquire key freehold land, including 2,880ha of Ardgour Station and 889ha from Bendigo Station, both subject to OIO approval. A fully underwritten A$60mln placement and SPP lifted quarter‑end cash to ~A$100mln, funding land purchases, early works and working capital. Post‑quarter, Santana also lodged its consent application under the new Fast‑track Approvals Act, marking a major milestone toward development.

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