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 gained +0.3% today, down -1.0% over the last five days. Year-on-year it still gains +4.9%.
THE MAIN GAINERS
There were 33 gainers on the market today, led by Channel Infrastructure (CHI, #27) with a +3% rise. The stock is down -1% over the month but up a strong +49% year‑on‑year. Skellerup (SKL, #32) gained +2%, up +11% over the past five days and +9% annually. Meridian Energy (MEL, #2) and Contact Energy (CEN, #5) both rose +1%; Meridian is up +4% month‑on‑month but down -3% year‑on‑year, while Contact is up +6% for both the month and the year.
Channel Infrastructure
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THE MAIN DECLINERS
There were 46 decliners, all easing -2%. The largest NZX50 names among them were SkyCity (SKC, #33), Gentrack (GTK, #36), Summerset (SUM, #16) and Tourism Holdings (THL, #44). SkyCity is down -5% month‑on‑month and -33% year‑on‑year, while Gentrack has fallen -18% over the month and -43% annually. Summerset is down -12% for the month and -15% year‑on‑year, with Tourism Holdings down -10% month‑on‑month but still up +23% over the year.
SKYCITY Entertainment
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.3% | +0.5% | +4.6% | -2.2% | +1.9% |
| NZ Top 10 ETF (TNZ) | +0.4% | +0.8% | +2.5% | -0.1% | -2.1% |
| S/P NZX50 ETF (NZG) | +0.6% | +1.4% | +5.0% | +0.2% | +1.8% |
| NZ Dividend ETF (DIV) | +0.8% | +0.2% | +8.4% | 0.0% | +11.2% |
KEY ANNOUNCEMENTS
Skellerup (SKL, #32) reported a record first‑half NPAT of $28.9mln, up +20% on the prior period, with revenue rising +11% to $183.5mln and EBIT up +16% to $40.6mln. Both the Industrial and Agri divisions delivered strong earnings growth, supported by higher demand across key markets and improved operational performance. Operating cash flow increased +20% to $38.8mln, net debt fell to $17.5mln, and the interim dividend was lifted +11% to 10c per share. The company has raised its FY26 NPAT guidance to $57–$62mln, citing a solid pipeline and continued international demand despite global uncertainty.
Meridian Energy (MEL, #2) will hold a briefing on its interim results for the six months to 31 December 2025 on Wednesday, the 25th of February.
NZX50 Industrial Sector
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