Here are the key changes to know about in the New Zealand equity market; Kathmandu, SkyCity casino, Infratil, Channel Infrastructure rise while SkyTV, Ryman, Skellerup, and Serko fall

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 surged +1.0% today, gaining +6.5% over the last six months, and +4.9% year-on-year.

THE MAIN GAINERS
The NZX equity market recorded 46 gainers today, led by Kathmandu Brands (KMD, #50) and SkyCity Entertainment (SKC, #34), each up +5%. Kathmandu is down -1% over six months and -34% lower year‑on‑year, while SkyCity has gained +9% month‑on‑month and +33% annually. Infratil (IFT, #4) rose +4%, up +4% over six months and +48% for the year. Channel Infrastructure (CHI, #28) added +3%, up +32% over six months and +48% year‑on‑year.

THE MAIN DECLINERS
There were 33 decliners across the board. Sky Network (SKT, #47) and Ryman Healthcare (RYM, #17) each fell -2%. Sky is down -5% over the past month but +28% higher year‑on‑year, while Ryman is up +29% over six months but -29% lower annually. Skellerup Holdings (SKL, #32) and Serko (SKO, #49) both eased -1%. Skellerup is +15% higher over six months and +5% up year‑on‑year, while Serko is flat over six months and down -19% annually.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
NZX Wealth Technologies (NZXWT) and Craigs Investment Partners have agreed to extend their partnership, with NZXWT set to provide services to Craigs’ custody and private wealth business in addition to administering mySTART, KiwiSaver and Superannuation clients since 2018. Acting CEO Robbie Douglas said NZXWT is proud to support Craigs’ growth ambitions, while Craigs CEO Simon Tong noted the expansion reflects the firm’s broader technology roadmap to assist its 190‑plus advisers. NZX Chief Executive Mark Peterson highlighted NZXWT’s strong momentum, citing five new client migrations this year, five more underway, and annual recurring revenue rising +20% to $13mln at November 2025. NZXWT, wholly owned by NZX, is one of New Zealand’s fastest‑growing investment platforms, supporting thousands of investors through wealth managers and advisers.

Kiwi Property Group (KPG, #22) has confirmed settlement of the sale of The Plaza for $118.9mln on the 12th of December , reducing pro forma gearing to 36.3% based on September figures. CEO Clive Mackenzie said the transaction strengthens the balance sheet and supports the company’s strategy of recycling capital into mixed‑use assets. Kiwi Property also provided an update on the planned $90mln sale of Sylvia Park Lifestyle to the Mackersy LFR Fund, with the capital raising condition extended to 18 March 2026 and settlement now expected in the first quarter of 2026. On completion, pro forma gearing is forecast to fall further to 35.2%.

SkyCity Entertainment Group Limited (SKC, #34) will release its financial results for the six months ending 31 December 2025 prior to market opening on Thursday, the 19th of Feb.

Air New Zealand (AIR, #20) Group capacity fell -3.5% in November compared to the same month last year, with Long Haul ASKs down -12.1% due to scheduled maintenance of 777‑300 aircraft ahead of the summer peak, Domestic capacity declining -1.6%, and Short Haul International growing +12.2% on the arrival of two new A321 aircraft; year‑to‑date underlying RASK improved +1.8% versus the prior year, with Short Haul RASK (covering Domestic, Tasman and Pacific Islands) -1.9% lower year‑on‑year, Domestic flat, Short Haul International up +0.6%, and Long Haul RASK rising +4.4% year‑on‑year.

Channel Infrastructure NZ Limited (CHI, #28), New Zealand’s largest fuel import terminal business, today listed on the Australian Securities Exchange (ASX: CHI) while retaining its primary NZX listing, broadening access to institutional and retail investors. Channel stores and distributes 40% of New Zealand’s transport fuel, including 80% of jet fuel, and plans growth through redevelopment of its Marsden Point site, supply chain consolidation, and measured M&A in Australasia. Chair James Miller said the ASX listing marks a major milestone, noting a 194% total shareholder return since conversion to a dedicated fuels import terminal in April 2022. CEO Rob Buchanan highlighted long‑term contracts and infrastructure projects underway, including new jet fuel and bitumen facilities at Marsden Point due in 2026, expected to add ~NZ$8mln annually to EBITDA. The precinct is also under consideration as a Special Economic Zone, with potential projects including a biorefinery and a 72MW peaking plant. Channel recently acquired a 25% stake in Melbourne’s Somerton jet fuel pipeline as part of its inorganic growth strategy.

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