Here are the key changes to know about in the New Zealand equity market; NZX50 up +0.5%; Infratil, Gentrack, Chorus, and SkyCity casino gain while Kathmandu, Oceania, Tourism Holdings, and a2 Milk ease

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 is set to rise +0.5% today, though it remains down -1.5% over the past five sessions. Over six months the index is up +5.9%, with a +5.2% annual gain.

THE MAIN GAINERS
There were 43 gainers, with minor moves. Infratil (IFT, #4) added +2%, though it is down -2% in five days and -4% year-on-year. Gentrack (GTK, #34) eases over the medium despite its +2% gain today, falling -7% in five days, -18% for the month, and -25% annually. Chorus (CNU, #13) rose +2%, up the same month-on-month, up +13% in six months and +6% year-on-year. SkyCity Entertainment (SKC, #33) gained +2%, adding +11% for the month, but remains -36% lower year-on-year.

THE MAIN DECLINERS
On the downside, 33 decliners were recorded. Kathmandu Brands (KMD, #50) and Oceania Healthcare (OCA, #43) each fell -3%; Kathmandu is down -10% for the month and -33% annually, while Oceania is up +7% month-on-month and +3% year-on-year. Tourism Holdings (THL, #45) and a2 Milk (ATM, #7) both slipped -2%, though longer-term performance remains strong. Tourism Holdings is up +70% in six months and +26% annually, while a2 Milk has gained +18% in six months and an impressive +97% year-on-year.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
Goodman Property Trust (GMT, #15) reported a strong interim result for the six months to the 30th of September, with net property income up +7.5% to $119.7mln and operating earnings before tax rising +10.4% to $83.1mln, supported by rental growth and new management fee income from the Highbrook Fund. Operating earnings after tax lifted to $65.8mln, cash earnings rose +6.7% to 3.99c per unit, and distributions increased +5% to 3.4125c per unit, with full‑year guidance reaffirmed. Statutory profit after tax jumped +35.8% to $61.8mln, while capital recycling of ~$700mln reduced gearing and enhanced liquidity. CEO James Spence said the resilience of GMT’s $4.7bln warehouse and logistics portfolio, combined with new growth initiatives including the Highbrook Fund and development projects in Mt Wellington, Māngere and Penrose, positions the Trust strongly for sustained earnings and distribution growth.

a2 Milk Company (ATM, #7) has upgraded its FY26 revenue guidance, citing stronger trading across Infant Milk Formula, Other Nutritionals and Liquid Milk, alongside NZD depreciation inflating sales and expenses with minimal EBITDA impact. The Company now expects low double‑digit revenue growth versus FY25, with 1H26 growth stronger than 2H26 and English label IMF outperforming China label IMF. EBITDA margin is forecast at 15-16%, with D&A of $20-24mln, lower interest income, NPAT slightly ahead of FY25, cash conversion of 80-90%, and capex of $60-80mln.

My Food Bag (MFB) reported H126 revenue of $85.4mln, up +3.8% on the prior year, with gross margin at 48.5% and EBITDA of $7.2mln. NPAT was $2.9mln, while net debt reduced to $5.5mln and free cash flow reached $3.1mln. Active customers rose to 61,300, supporting YTD revenue growth of +4.6%. The Board declared a fully imputed interim dividend of 0.75c per share, payable in December. Chairman Tony Carter said the business is building momentum with stronger customer engagement, while CEO Mark Winter highlighted innovation, brand investment and new offerings such as the Diabetes Plan and My Food Bag Shop as drivers of growth. Full‑year profitability is expected to be broadly in line with FY25.

Turners Automotive Group (TRA, #38) delivered a record HY26 result, with revenue up +5% to $219mln, EBIT rising +10% to $34.1mln, NPBT up +13% to $30.4mln and NPAT also +13% at $21.9mln. EPS lifted +11% to 24.2cps and an interim dividend of 8.0cps was declared. Growth was driven by strong performances in Finance (+18% profit, +13% loan book growth), Insurance (+10% premium growth), and margin gains in Auto Retail, offsetting softer Credit Management. Chairman Grant Baker said the diversified model and disciplined execution continue to deliver sustainable growth and shareholder returns. The Group remains on track for another record full‑year, with NPBT forecast around $60mln and a full‑year dividend of at least 32cps.

Click on the chart title to find more about this sector, including its components.