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 declined -0.6% today, though remains +1.8% higher month-on-month, +5.7% stronger over six months, and +6.5% ahead year-on-year.
THE MAIN GAINERS
Among the 27 gainers, Kathmandu Brands (KMD, #50) and Oceania Healthcare (OCA, #20) each rose +2%. Kathmandu remains -8% lower for the month and -34% down year-on-year, while Air New Zealand (AIR) gained +4% for the month and +16% annually. Oceania Healthcare (OCA, #43) added +1%, extending a +26% monthly rise and +3% annual gain. Genesis Energy (GNE, #18) also advanced +1%, now +10% higher over six months and +21% year-on-year.
Kathmandu
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THE MAIN DECLINERS
Declines were broader, with 57 stocks in the red. Vista Group (VGL, #40) led, down -4%, extending losses to -29% over six months and -12% year-on-year. Gentrack (GTK, #33) and Ryman Healthcare (RYM, #16) each fell -3%; Ryman is -2% lower over five days and -37% down annually. Turners Automotive (TRA, #39) eased -2%, though remains +7% higher for the month and an impressive +72% stronger year-on-year.
Vista Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.1% | +0.6% | +6.1% | +5.4% | +6.1% |
| NZ Top 10 ETF (TNZ) | -1.2% | 0.0% | +0.3% | -4.9% | -2.1% |
| S/P NZX50 ETF (NZG) | -0.04% | -0.3% | +4.3% | +2.3% | +3.9% |
| NZ Dividend ETF (DIV) | -0.2% | -1.2% | +10.0% | +14.0% | +12.1% |
KEY ANNOUNCEMENTS
Synlait Milk (SML) has temporarily increased banking facilities with a new NZ$50mln revolving credit facility through to March 2026 to support working capital following earlier manufacturing challenges. EBITDA thresholds have been adjusted for FY26, though Synlait remains covenant‑compliant. Debt reduction is expected via the sale of North Island assets, due to complete in April 2026, with majority shareholder Bright Dairy already voting in favour.
Vital Healthcare Property Trust (VHP, #23) has opened a NZ$30mln unit purchase plan (UPP) as part of its NZ$220mln capital raising, following a NZ$190mln placement completed earlier. Eligible New Zealand unit holders can apply for up to NZ$50,000 of new units, priced at the lower of NZ$1.95 or a 2.5% discount to VWAP. The UPP is designed to allow investors to maintain relative holdings, with scaling applied if oversubscribed. New units will rank equally with existing units but are not eligible for the FY26 first‑quarter distribution.
NZX50 Healthcare Sector
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