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 currently down -0.2% (after being up strongly this morning), though it is still up +0.5% over the past month. Year‑to‑date the index has gained +3.1%, and is +2.1% higher year‑on‑year.
THE MAIN GAINERS
The gainers and decliners board were evenly matched today, with a total of 39 stocks in each category. Gentrack (GTK, #36), following on from results posted yesterday, rose a further 4%, taking its five‑day gain to +31%. Over the past six months the stock has declined -16%, and is down -5% year‑on‑year. Kathmandu Brands (KMD, #50) and Investore Property (IPL, #48) each gained +2%. Kathmandu is down -5% month‑on‑month and -36% annually, while Investore has risen +5% over six months and +3% year‑on‑year. Heartland Group Holdings (HGH, #32) added +1%, up +39% over six months and +11% for the year.
Gentrack
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THE MAIN DECLINERS
On the downside, Briscoes Group (BGP, #27) fell -3%, though it remains up +8% over six months and +1% year‑on‑year. EBOS Group (EBO, #9) and Chorus (CNU, #13) each slipped -2%. EBOS has dropped -26% over six months and -25% year‑on‑year, while Chorus is up +16% over six months and +2% annually. Fletcher Building (FBU, #14) eased -1%, though it has gained +4% month‑on‑month and +1% year‑on‑year.
Briscoe Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.2% | +0.4% | -7.9% | +4.8% | +2.1% |
| NZ Top 10 ETF (TNZ) | +0.4% | +1.3% | +2.4% | -5.3% | -6.6% |
| S/P NZX50 ETF (NZG) | +0.7% | +1.9% | +5.9% | +2.3% | -0.4% |
| NZ Dividend ETF (DIV) | -0.2% | +0.6% | +16.5% | +13.5% | +9.7% |
KEY ANNOUNCEMENTS
Contact Energy (CEN, #5) has unveiled its new Contact31+ strategy at Capital Markets Day 2025, outlining plans to extend its geothermal leadership, expand flexibility solutions, and grow demand through wind and solar as part of New Zealand’s energy transition. CEO Mike Fuge said the company had delivered strongly against its Contact26 strategy and now has a clear plan to accelerate renewable generation and flexibility to meet future needs.
Fonterra Co-operative Group (FCG) has narrowed its 2025/26 forecast Farmgate Milk Price range to $9.00-$10.00 per kgMS, lowering the midpoint to $9.50 from $10.00, citing strong milk flows in New Zealand and globally that have pressured commodity prices, with seven consecutive declines in Global Dairy Trade auctions. Forecast milk collections have been lifted from 1,525m kgMS to 1,545m kgMS. CEO Miles Hurrell said the revised range reflects market conditions but remains a strong forecast, with the Co-op focused on maximising shareholder returns through pricing, customer relationships, risk management tools and product mix optimisation.
NZX50 Energy Sector
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Click on the chart title to find more about this sector, including its components.
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