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 has slipped -0.4% for the final trading day of the week, down -0.3% over five sessions, though the index remains +7.0% higher over six months and +4.3% ahead year‑on‑year.
THE MAIN GAINERS
There were 28 companies posting gains today. Fletcher Building (FBU, #14) and Channel Infrastructure (CHI, #30) each rose +3%. Fletcher has climbed +11% over the past five sessions and is up +26% year‑on‑year. Channel Infrastructure gained +6% month‑on‑month and is +58% higher annually. Scales Corporation (SCL, #35), up +2%, gaining +3% over the month and +53% year‑on‑year, while Investore Property (IPL, #48) also gained +2% today, falling -5% for the month remaining +2% higher over the year.
Fletcher Building
Select chart tabs
THE MAIN DECLINERS
Decliners numbered 51 across the board, with the top four each down -2%. Gentrack (GTK, #29) dropped -8% over the past five sessions, though it is up +10% for the month; year‑on‑year, the stock is down -31%. Argosy Property (ARG, #31) gained +14% over six months and +17% annually. Mercury Energy (MCY, #6) and Fisher & Paykel Healthcare (FPH, #1) were flat over the past five sessions, with Mercury up +7% over six months but unchanged year‑on‑year, while F&P Healthcare is +1% higher annually.
Gentrack
Select chart tabs
SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.4% | +0.1% | +7.7% | +3.8% | +4.2% |
| NZ Top 10 ETF (TNZ) | -0.3% | +0.2% | +2.1% | -6.1% | -4.8% |
| S/P NZX50 ETF (NZG) | +0.1% | -0.5% | +5.7% | +0.8% | +1.6% |
| NZ Dividend ETF (DIV) | -0.4% | -1.0% | +15.1% | +11.1% | +12.1% |
KEY ANNOUNCEMENTS
Fletcher Building (FBU, #14) said it has prepaid all outstanding US Private Placement notes, exited the USPP market and terminated associated swaps, incurring $7.2mln in cash costs, as part of efforts to simplify its funding structure and lower interest costs. The company has also established a two‑year $200mln club facility, extended $325mln of its syndicated facility to FY29, and pushed its next major debt maturity to FY28. Fletcher has extended its amended Senior Interest Cover covenant at 2.25x until December 2026, with dividends restricted until standard covenant levels resume in 2027. CEO Andrew Reding said the refinancing steps strengthen financial foundations, reduce leverage, and provide flexibility to support the company’s strategic reset amid challenging market conditions.
Property for Industry (PFI, #25) has completed the acquisition of two properties at 505 and 507 Mt Wellington Highway, Auckland, following its earlier announcement on the 17th of November.
NZX50 Industrial Sector
Select chart tabs
Click on the chart title to find more about this sector, including its components.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.