Here are the key changes to know about in the New Zealand equity market; gainers are led by SkyTV, Gentrack, Kathmandu and Tourism Holdings; decliners are led by Infratil, Vista Group, Mercury and Stride Property Group

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 index is currently down -0.5%, down -0.7% over the last five days. in the last six months it is up +7.0%, up +4.8% year-on-year.

THE MAIN GAINERS
The NZX50 recorded 35 gainers today, led by Sky Network (SKT, #47), which rose +6%. Despite today’s lift, Sky is down -5% month-on-month but remains up +40% year-on-year. Gentrack (GTK, #31) gained +4%, though it has declined -5% over the past five days, -23% over six months, and -29% annually. Kathmandu Brands (KMD, #50) added +2%, yet is down -10% over six months and -30% year-on-year. Tourism Holdings (THL, #44) advanced +1%, continuing its strong run with a +91% gain over six months and +41% annually.

THE MAIN DECLINERS
On the decliners side, 41 stocks fell, with Infratil (IFT, #4) and Vista Group Limited (VGL, #42) leading, each down -2%. Infratil has declined -7% month-on-month and the same figure year-on-year. Vista has dropped -27% over six months and -12% annually. Mercury Energy (MCY, #6) and Stride Property Group (SPG, #37) both eased -1%. Mercury is down -3% for the month, up +5% over six months, and flat year-on-year. Stride has gained +25% over six months and +9% annually.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
Chorus (CNU, #13) has confirmed it will release its half year results for the six months ended 31 December on Monday the 23rd of February.

Booster Innovation Fund (BIF) has expanded its strategic partnerships with New Zealand’s leading universities, adding Auckland UniServices Ltd (University of Auckland) to its existing relationships with Wellington UniVentures (Victoria University of Wellington) and Otago Innovation Ltd (University of Otago). Together, these three partners represent around 60% of total university research spending in New Zealand, strengthening BIF’s access to high-potential science and technology ventures. The expansion further reinforces BIF’s role as a key early-stage investor in local innovation, with units available to investors via NZX or through the fund’s Product Disclosure Statement at booster.co.nz.

Argosy Property Limited (ARG, #30) has set the strike price for its Dividend Reinvestment Plan at $1.2193 per share for the dividend payable on the 17th of December, reflecting a 2% discount applied in the calculation.

Precinct Properties Group (PCT, #21) has confirmed Conversion Price Cap adjustments to its subordinated convertible notes following the issue of Stapled Shares at less than 98% of Market Price under the placement and share purchase plan announced on the 13th of October. The Conversion Price Cap has been reset to $1.3449 for PCTHB and $1.3845 for PCTHC, with the adjustments agreed by the Supervisor, The New Zealand Guardian Trust Company Limited.

Fonterra Co-operative Group has announced the results of its 2025 elections, with Alison Watters re-elected and Michelle Pye elected to the Board of Directors. Conall Buchanan and Ellen Bartlett join the Directors’ Remuneration Committee unopposed, while James Barron was elected unopposed to the Farmer Custodian Trust. New Co-operative Councillors include David Beuth (Ward 10 – Northern Bay of Plenty), Tom Houston (Ward 11 – Eastern Bay of Plenty), Shirley Kissick (Ward 15 – Southern Taranaki) and Patrick Whittle (Ward 20 – North Canterbury), alongside several incumbents re-elected unopposed. All successful candidates will take office at Fonterra’s Annual Meeting on the 11th of December.

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