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Here are the key changes to know about in the New Zealand equity market; Kathmandu, Mainfreight, Vulcan Steel and Kiwi Property Group advance, while F&P Healthcare, Port of Tauranga, Freightways and Skellerup are declining

Investing / news
Here are the key changes to know about in the New Zealand equity market; Kathmandu, Mainfreight, Vulcan Steel and Kiwi Property Group advance, while F&P Healthcare, Port of Tauranga, Freightways and Skellerup are declining
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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 edged up +0.1% today, extending its five‑day advance to +1.3%. The index has risen +9.2% over the past six months and is up +7.8% year‑on‑year.

THE MAIN GAINERS
Among 49 gainers, Kathmandu Brands (KMD, #50) led with a +5% rise, adding +7% over the past month though still down -33% year‑on‑year. Mainfreight (MFT, #8) climbed +2%, but remains -4% lower over six months and -13% annually. Vulcan Steel (VSL, #27) and Kiwi Property Group (KPG, #22) each gained +1%. Vulcan is up +3% month‑on‑month but down -2% year‑on‑year, while Kiwi Property has surged +23% in six months and +15% over the year.

Kathmandu

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THE MAIN DECLINERS
On the downside, 42 stocks fell. Fisher & Paykel Healthcare (FPH, #1) and Port of Tauranga (POT, #10) both slipped -2%. F&P is still up +4% over five days and +1% year‑on‑year, while Port of Tauranga has eased -3% in the past week but remains +31% higher annually. Freightways (FRW, #19) and Skellerup (SKL, #31) each dipped -1%. Freightways is up +8% over five days and +41% year‑on‑year, while Skellerup has gained +28% in six months and +11% annually.

Fisher and Paykel Healthcare

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SMARTSHARES EFTs

  1-day 5-day 6-month YTD 1Y
NZ Top 50 ETF (FNZ) +0.1% +1.4% +10.0% +5.4% +7.1%
NZ Top 10 ETF (TNZ) -0.5% +1.6% +3.0% -5.2% -2.0%
S/P NZX50 ETF (NZG) +0.1% +1.9% +7.7% +2.3% +4.7%
NZ Dividend ETF (DIV) +0.5% +1.8% +23.5% +16.0% +15.0%

KEY ANNOUNCEMENTS
Oceania Healthcare Limited (OCA, #44) advised it will release its half‑year results for the six months ended 30 September 2025 on the 21st of November.

The a2 Milk Company (ATM, #7) confirmed the completion of the divestment of its 75% stake in Mataura Valley Milk Limited, alongside China Animal Husbandry Group’s (CAHG) 25% holding, to Open Country Dairy Limited. The transaction was finalised on Friday the 31st of October.

Westpac Banking Corporation (WBC) reported FY25 net profit after tax of $6.9 bln, down -1% on FY24, with underlying NPAT (ex notable items) of $7.0bln, down -2%. Return on tangible equity (ex notable items) was -11.0%, 24bps lower year‑on‑year, while earnings per share were steady at 204c. The bank declared a final dividend of 77c per share, taking the full‑year ordinary dividend to 153c, up +1% on FY24. Westpac’s CET1 capital ratio strengthened to 12.5%, up 4bps. CEO Anthony Miller highlighted solid momentum across target segments, with deposits up +7% and loans up 6%, including 17% growth in institutional lending, 15% in business lending, and 22% in agribusiness. He noted APRA’s removal of its enforceable undertaking and additional capital overlay as recognition of improved risk culture, and reaffirmed Westpac’s focus on disciplined execution, customer experience, and regional investment.

NZX50 Healthcare Sector

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Source: NZX
Source: NZX
Source: NZX

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