Here are the key changes to know about in the New Zealand equity market; Gainers include Ryman, Kathmandu, Hallensteins, and SkyTV while the big decliners are led by Tourism Holdings, Oceania, Argosy, and F&P Healthcare

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 looking like it will be unchanged today, leaving the index down -0.6% over the past five sessions but still +5.6% higher than at the same time last year.

THE MAIN GAINERS
To close out the trading week, the NZX50 saw 44 gainers, with the top four stocks each rising +2%. Ryman Healthcare (RYM, #17) eased -2% month-on-month and is down -25% year-on-year. Kathmandu Brands (KMD, #50) has fallen -13% over six months and -32% annually. Hallenstein Glassons (HLG, #45) gained +5% over the past five days and is up +32% year-on-year, while Sky Network Television (SKT, #47) slipped -3% over five days but remains +31% higher for the year.

THE MAIN DECLINERS
On the downside, 32 stocks declined, led by Tourism Holdings (THL, #44), which fell -3% but remains up +79% over six months and +33% year-on-year. Oceania Healthcare (OCA, #43) dropped -2%, though it is up +7% month-on-month and +20% annually. Argosy Property (ARG, #30) also fell -2%, yet has gained +15% over six months and +21% year-on-year. Fisher & Paykel Healthcare (FPH, #1) eased -1% and is up +3% annually.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
Comvita Limited (CVT) has reached agreement with its lending syndicate to support the company’s recapitalisation pathway, including extensions of banking facility maturities to 30 April 2026 and covenant waivers for the 31st of March 2026 testing date. The company expects to raise at least $25 mln in new capital and has agreed to a temporary EBIT covenant and staged facility reductions, which it anticipates meeting based on current performance. Comvita is in early discussions with both new and existing investors regarding participation in the capital raise, though no binding commitments have yet been made. The Board remains focused on securing a sustainable financial position and will provide further updates in line with disclosure obligations.

Fletcher Building (FBU, #14) has confirmed it will release financial results for the six months ended 31 December before the market open on Wednesday the 18th of Feb.

ANZ Group Holdings (ANZ) has noted legal action commenced by former CEO Shayne Elliott in the NSW Supreme Court regarding remuneration outcomes for the 2025 financial year. Under APRA’s Prudential Standard CPS 511, the Board determined that no Australian-based Group Executive would receive short-term variable remuneration (excluding acting roles) and resolved that certain long-term variable remuneration due to vest to Mr Elliott would be reduced to zero for 2025 and 2026. Chairman Paul O’Sullivan said the Board had been deliberate in its assessment and will defend the matter vigorously.

Being AI Limited (BAI) has completed the sale of all shares in Send Global Limited and related assets to Wilshire Treasury Limited, following shareholder approval at the Special Meeting on the 10th of December. Post-completion, BAI retains the cash consideration and certain excluded assets, including cash, deferred tax assets and GST receivables. The company will continue to meet its legal, regulatory and NZX listing obligations, with Wilshire committed to funding reasonable post-completion costs under the Sale Agreement. BAI has confirmed that Send Global and its subsidiaries are no longer part of the Group and will now evaluate potential new acquisition opportunities in the interests of shareholders.

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