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 flat today, down -0.4% over the last five days. In the past six months the index has gained +9.6%, and is up +3.2% year-on-year.
THE MAIN GAINERS
Market activity was mixed today, with 37 decliners and 43 gainers. Skellerup Holdings (SKL, #32) and SkyCity Entertainment (SKC, #34) topped the board, each up +2%. Skellerup is down -1% month‑on‑month but +3% higher year‑on‑year. SkyCity rose +4% over the past five days and +12% for the month, though remains -39% lower annually. Gentrack (GTK, #29) and Hallenstein Glassons (HLG, #44) each added +1%, with Gentrack up +15% month‑on‑month but down -28% year‑on‑year, while Hallenstein Glassons gained +25% over six months and +29% annually.
Skellerup Holdings
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THE MAIN DECLINERS
On the downside, Kathmandu Holdings (KMD, #50) fell -2% today, down -4% over five days and -38% year‑on‑year. Vista Group (VGL, #42), Auckland International Airport (AIA, #3) and Mainfreight (MFT, #8) each eased -1%. Vista is up +5% over five days but down -25% over six months and -7% year‑on‑year. Auckland Airport gained +7% over six months but is -1% lower annually. Mainfreight rose +9% month‑on‑month yet remains -11% down year‑on‑year.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.03% | -0.5% | +10.5% | +4.1% | +3.4% |
| NZ Top 10 ETF (TNZ) | -0.9% | +0.2% | +4.4% | -5.9% | -6.4% |
| S/P NZX50 ETF (NZG) | -0.5% | -0.7% | +7.9% | +0.9% | +0.1% |
| NZ Dividend ETF (DIV) | -0.3% | -2.2% | +17.1% | +10.9% | +10.9% |
KEY ANNOUNCEMENTS
Scales Corporation (SCL, #35) reiterated FY25 guidance for underlying NPAT of $54mln-$59mln, citing strong performances across Global Proteins, horticulture and logistics, supported by increased ownership in Shelby Foods, Meateor Australia, Fayman International and ANZ Exports, as well as favourable apple export volumes. Directors have set FY26 guidance at $50mln-$55mln NPAT, implying $67mln-$73mln underlying NPAT and $129mln-$136mln EBITDA, with group revenue expected to exceed $1bln on full consolidation of recent acquisitions. The board also declared an interim dividend of 12.5c per share, partially imputed at 50%, payable on the 23rd of January.
The NZX equity market activity softened in November, with 116 equity securities listed, down -4.1% year‑on‑year, and total listed securities at 324, a -2.7% decline. Equity capital raised by NZ issuers reached $261mln, up +1.2% year-on-year, while dual or foreign issuers lifted $55mln, a sharp +934% increase. Overall capital listed and raised YTD was $19.4bln, up +28.8%, though secondary capital raised fell -7% to $8.9bln. Market capitalisation rose +4.5% year-on-year to $246.5bln, equal to 56.5% of GDP, with equity market cap up +8.7% to $182.2bln. Despite stronger capitalisation, cash market trading volumes weakened, with total value traded down -35% year-on-year and daily average value off -31.8%
NZX50 Food Sector
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