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
Due to heavy declines in the market today the index is currently looking at a sharp -1.7% drop today which would put it down -2.6% for the month. Year-on-year it gains +3.1%.
THE MAIN GAINERS
There were 28 gainers today. Within the NZX50, Skellerup (SKL, #32) rose +2%, extending a sharp +12% gain over the past five sessions and is up +12% year‑on‑year. Sky Network Television (SKT, #46) gained +1%, down -2% over the past five days but up +26% year‑on‑year. Property for Industry (PFI, #28) also gained +1%, down -7% month‑on‑month and up +7% year‑on‑year. Goodman Property Trust (GMT, #15) gained +1%, down -3% month‑on‑month and -6% lower year‑on‑year.
Skellerup Holdings
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THE MAIN DECLINERS
There were 54 decliners, with several sharp moves dragging the index lower. Gentrack (GTK, #36) fell -6%, down -20% for the month and -44% year‑on‑year. F&P Healthcare (FPH, #1) dropped -5%, down -4% month‑on‑month but still up +7% year‑on‑year. SkyCity Entertainment (SKC, #33) and Kathmandu Brands (KMD, #50) both declined -4%. SkyCity is down -10% for the month and -38% year‑on‑year, while Kathmandu is down -7% for the month and -35% year‑on‑year.
Gentrack
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.9% | -0.1% | +4.1% | -2.9% | +1.1% |
| NZ Top 10 ETF (TNZ) | -1.1% | +0.1% | +1.4% | -1.1% | -3.0% |
| S/P NZX50 ETF (NZG) | -0.2% | +1.2% | +4.3% | -0.5% | +1.8% |
| NZ Dividend ETF (DIV) | -0.3% | -0.2% | +8.9% | -0.4% | +10.8% |
KEY ANNOUNCEMENTS
SkyCity (SKC, #33) has appointed Blair Woodbury as its new Chief Financial Officer, starting the 9th of March. He joins from Devoli, where he has been CFO since 2021, and has previously held senior finance roles at Sky Network Television, New Zealand Post, McKinsey & Company and PwC. CEO Jason Walbridge said Woodbury’s background in cost management, asset optimisation and capital discipline aligns well with SkyCity’s current priorities. The appointment is still subject to regulatory approvals.
Meridian Energy (MEL, #2) says January was another wet month, with high lake levels and strong water and snow storage putting the company in a good position heading into autumn. Spilling in the Waitaki and Waiau catchments pushed wholesale prices very low, with Meridian’s average generation price just over $1 per megawatt hour. National hydro storage fell during the month, but inflows remained above average, and year‑to‑date inflows are the second‑highest on record. Retail sales were up +2.9% on last year, with strong growth in residential, SME and large business customers, while agriculture and corporate sales were lower.
NZX50 Energy Sector
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