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 eased -0.1% today, a minor decline to open the week. The index is -1.2% lower over the past five days, though remains +5.4% higher year-on-year.
THE MAIN GAINERS
Among the 45 gainers, Vital Healthcare Property (VHP, #24) led with a +2% rise, though its share price is still -10% lower over five days and flat year-on-year. Briscoe Group (BGP, #27), SkyCity Entertainment (SKC, #33), and Channel Infrastructure (CHI, #31) each advanced +1%. Briscoe is +5% higher for the month and +8% up annually. SkyCity has gained +14% for the month but remains -35% down year-on-year. Channel Infrastructure continues to strengthen, +29% higher over six months and +47% up annually.
Vital Healthcare Property
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THE MAIN DECLINERS
On the downside, 36 decliners were recorded. Vista Group (VGL, #40) and Ryman Healthcare (RYM, #16) each fell -2%. Vista is -6% lower over five days and -13% down year-on-year, while Ryman has slipped -5% over five days, gained +16% over six months, but remains -37% lower annually. Goodman Property Trust (GMT, #15) and Turners Automotive (TRA, #38) both eased -1%. Goodman is -5% lower for the month and -5% down year-on-year, while Turners remains resilient, +5% higher for the month and an impressive +69% 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) | +0.2% | -0.7% | +7.2% | +4.8% | +5.1% |
| NZ Top 10 ETF (TNZ) | +0.1% | -1.3% | +1.7% | -5.1% | -2.8% |
| S/P NZX50 ETF (NZG) | +0.2% | -1.1% | +4.8% | +1.6% | +2.8% |
| NZ Dividend ETF (DIV) | +0.2% | -1.1% | +15.7% | +13.7% | +10.8% |
KEY ANNOUNCEMENTS
The Warehouse Group (WHS) reported Q1 FY26 sales of $674.1mln, up +0.9% year-on-year, with like-for-like same store sales up +0.1%. The Warehouse contributed $389.0mln (+0.7%), Warehouse Stationery $52.2mln (+2.6%), and Noel Leeming $230.7mln (+0.7%). Online sales rose +8.2% and now account for 7% of total sales. Group gross margins fell 40bps due to clearance activity and promotional pricing, though Noel Leeming and Warehouse Stationery margins improved. To address margin pressure, the Group announced a cost reset programme targeting CODB below 31% of sales, including head office restructuring and expanded co-sourcing with Tata Consultancy Services. The programme aims to restore profitability and strengthen long-term growth capability.
Property for Industry (PFI, #26) has agreed to acquire 505 and 507 Mt Wellington Highway, Auckland, for $36mln, adding ~13,800 sqm of space leased to J.A. Russell (to 2031) and Johnson & Johnson NZ (to 2030). Combined with existing holdings at 509 and 511 Mt Wellington Highway, PFI will control ~3.3 hectares of contiguous property in the Mt Wellington industrial precinct. The assets deliver ~$2.1mln in passing rent and provide long-term redevelopment potential. Settlement is expected in December.
NZX50 Property Sector
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