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 has dropped a -0.4% today, down -0.9% for the month. Year-on-year the NZX50 has gained +3.6%.
THE MAIN GAINERS
The NZX50 recorded 38 gainers today, led by Gentrack (GTK, #33) with a sharp +6% rise, up +17% over the past month though still down -32% year-on-year. Freightways (FRW, #19) and Channel Infrastructure (CHI, #28) each gained +4%, with Freightways up +4% month-on-month and +33% annually, while Channel Infrastructure has surged +30% over six months and +54% year-on-year. Oceania Healthcare (OCA, #42) advanced +3%, extending gains to +52% over six months and +27% annually.
Gentrack
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THE MAIN DECLINERS
On the downside, 39 stocks declined, with the NZX50’s largest movers all easing -2%. Meridian Energy (MEL, #2) is down -8% month-on-month and -5% year-on-year. Property for Industry (PFI, #25) drops -5% over five days but remains +6% higher annually. Fisher & Paykel Healthcare (FPH, #1) declined -3% over the last five days and is down -3% year-on-year. Infratil (IFT, #4) weakened -7% for the month, falling -11% year-on-year.
Meridian Energy
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.5% | +0.3% | +6.6% | +3.5% | +4.5% |
| NZ Top 10 ETF (TNZ) | -0.8% | +0.3% | +0.7% | -6.4% | -5.1% |
| S/P NZX50 ETF (NZG) | -0.4% | 0.0% | +4.2% | -0.2% | +0.6% |
| NZ Dividend ETF (DIV) | +0.6% | +0.2% | +11.7% | +10.7% | +11.7% |
KEY ANNOUNCEMENTS
Freightways Group (FRW, #19) has agreed to acquire VT Freight Express Pty Ltd (VFTE), a Victoria‑based B2B express delivery company servicing parcels and palletised freight across Australia. Founded in 2010, VFTE operates an asset‑light model with 87 contractors, 49 staff and over 350 clients, generating A$77mln revenue in the 12 months to October 2025. The A$71mln transaction, funded through existing and new bank debt, is expected to be 6% EPS accretive from year one and will strengthen Freightways’ presence in the Australian express market, complementing Allied Express’ B2C niche while maintaining VFTE’s leadership and brand identity. Completion is targeted for on or after the 30th of January 2026, subject to customary conditions.
NZX50 Freight Sector
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