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 fell -0.3% today, though it remains +0.4% higher over the past five days, +6.6% stronger over six months, and +7.5% ahead year-on-year.
THE MAIN GAINERS
There were 37 gainers, led by Mainfreight (MFT, #8) for a second consecutive day, rising +8% and now +14% higher over five days, though still -7% lower year-on-year. SkyCity Entertainment (SKC, #36) advanced +3%, adding +8% over five days but remaining -38% down annually. Serko (SKO, #49) and EBOS Group (EBO, #9) each gained +2%; Serko is +12% higher over five days but -30% down year-on-year, while EBOS has declined -26% over six months and -23% year-on-year.
Mainfreight
Select chart tabs
THE MAIN DECLINERS
Declines were broader, with 42 stocks in the red. Infratil (IFT, #4) led losses, down -5%, though still +4% higher over six months and -2% lower year-on-year. Gentrack (GTK, #33) fell -4%, extending its -19% annual decline. Meridian Energy (MEL, #2) and Chorus (CNU, #13) each eased -2%; Meridian is -3% lower month-on-month and -1% down year-on-year, while Chorus remains +3% higher for the month and +6% up annually.
Infratil
Select chart tabs
SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.4% | +0.9% | +6.8% | +5.8% | +7.2% |
| NZ Top 10 ETF (TNZ) | -0.5% | +1.2% | +1.7% | -3.6% | -1.3% |
| S/P NZX50 ETF (NZG) | +0.1% | +0.6% | +5.0% | +3.0% | +4.2% |
| NZ Dividend ETF (DIV) | -0.2% | -0.5% | +16.8% | +14.8% | +13.8% |
KEY ANNOUNCEMENTS
Infratil (IFT, #4) reported a 7% lift in proportionate operational EBITDAF to $514m for the six months to 30 September 2025, supported by CDC and Longroad Energy. The company announced divestments of Fortysouth and legacy property assets worth over $250m, contributing to a net parent surplus of $606m. Infratil confirmed an interim dividend of 7.25cps payable 16 December and updated EBITDAF guidance to $960–$1,000m, reflecting portfolio refinements.
Meridian Energy (MEL, #2) reported strong hydro inflows in October, with national storage rising to 143% of average and South Island storage at 148%. Retail sales volumes were 14.6% higher year-on-year, supported by growth across residential (+29.4%), agriculture (+22.7%), and small business (+13.5%) segments. National electricity demand rose 6.6% compared with October 2024, while NZAS average load increased to 567MW from 417MW a year earlier.
Black Pearl Group (BPG) has launched a capital raising of up to A$10.2m (NZ$11.8m) through a placement of approximately 11.8m new shares to institutional investors at A$0.865 (NZ$1.00) per share, representing a discount of 13% to recent trading levels. Proceeds will support product growth, further investment in the Pearl Engine data platform, and provide working capital ahead of the company’s proposed ASX Foreign Exempt listing later this month. The new shares will rank equally with existing shares, with a trading halt granted to facilitate the offer. Black Pearl expects to confirm the amount raised on 17 November 2025, with Bell Potter Securities acting as lead manager.
NZX50 Technology Sector
Select chart tabs
Click on the chart title to find more about this sector, including its components.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.