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 continues to decline, currently down -0.5%. This puts it down -3.4% over the past five days, down -0.1% year-on-year.
THE MAIN GAINERS
There were 33 gainers on the board today with Vista Group Limited (VGL, #46) taking the front spot gaining a sharp +7%. Although today's big move, the share is still down a heavy -12% over the past five days. Year-on-year it has declined -46%. a2 Milk (ATM, #7) gained +4%, up +12% over the last five days. Year-on-year ATM has moved strength to strength up +40%. Goodman Property Trust (GMT, #15) is up +3%, down -3% month-on-month. Year-on-year GMT is down -7%. Gentrack (GTK, #36) rose +2%, down -15% for the month. Year-on-year Gentrack is down -43%.
Vista Group
Select chart tabs
THE MAIN DECLINERS
There were 37 decliners led by Contact Energy (CEN, #5) who dropped -4%. Over the last five days CEN's share price declines by -5%, flat year-on-year. Oceania Healthcare (OCA, #43) declined by -3%, down -9% month-on-month. Year-on-year Oceania Healthcare gains +2%. Summerset Group Holdings (SUM, #19) and Fletcher Building (FBU, #13) both declined by -2%. Summerset's share price has declined -15% month-on-month, down -20% year-on-year. Followed by Fletcher Building down -9% month-on-month, gaining +8% year-on-year.
Contact Energy
Select chart tabs
SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.5% | -2.7% | +0.2% | -4.7% | -2.3% |
| NZ Top 10 ETF (TNZ) | -0.3% | -3.0% | -2.6% | -3.5% | -5.9% |
| S/P NZX50 ETF (NZG) | +0.2% | -2.7% | -0.3% | -3.3% | -2.2% |
| NZ Dividend ETF (DIV) | +0.4% | -1.3% | +5.0% | -2.3% | +6.8% |
KEY ANNOUNCEMENTS
Contact Energy (CEN, #5) has completed the bookbuild for its fully underwritten NZ$450 mln placement, part of a NZ$525 mln equity raise announced on the 16th of February. The placement was strongly supported by existing shareholders and attracted demand from new international investors, with all eligible shareholders who bid for at least their pro‑rata allocation receiving at least that amount. Settlement is expected on the 20th of February for NZX and 19th of February for ASX, with new shares trading from the 20th of February and ranking equally with existing shares. Contact is also undertaking a non‑underwritten retail offer of up to NZ$75 mln, with applications opening online on the 19th of February and key dates set out in the appendix to the announcement.
Goodman Property Trust (GMT, #15) says draft independent valuations indicate an expected $112 mln, or 2.7%, increase in the value of its property portfolio as at the 31st of March, lifting total property assets to around $4.9 bln. The movement is expected to add about 7.0 cents per unit to net tangible assets, with final valuations still subject to audit. The draft figures imply a weighted average cap rate of around 5.9% and an initial yield of about 5.1%, with valuers highlighting significant under‑renting across the stabilised portfolio. GMT expects to capture this rental uplift over time as leases reset to market levels. The Trust has also announced a new on‑market buyback of up to $125 mln of units, with CEO James Spence saying the discount to NTA makes the buyback value‑accretive and supportive of earnings and distribution growth.
Sanford (SAN, #40) has appointed Tony Carter as an Independent Director. Carter brings broad governance experience across multiple sectors and previously led Foodstuffs as Chief Executive. Chair Sir Rob McLeod said the Board is pleased to welcome him, noting strong shareholder support. Carter currently chairs several major companies and has held senior directorships at Air New Zealand, Fisher & Paykel Healthcare, Fletcher Building and ANZ Bank New Zealand. He said he looks forward to contributing to Sanford and supporting the company’s future.
Sky (SKT, #47) says it will not renew its agreement with Warner Bros. Discovery for HBO Max content when the deal ends in June 2026, as WBD prepares to launch its own streaming service in New Zealand. Chief Executive Sophie Moloney said the decision follows a data‑driven review of Sky’s entertainment strategy and reflects a focus on content customers value most, supported by partnerships with studios such as Paramount, BBC, Studiocanal and Sony. Sky will continue its existing partnership with WBD for channel content including Discovery, TLC, Animal Planet and CNN International.
Investore Property (IPL, #48) has declared a third‑quarter cash dividend of 1.625 cents per share, to be paid on the 5th of March to shareholders on the register as at 25 February.
NZX50 Energy Sector
Select chart tabs
Click on the chart title to find more about this sector, including its components.
We welcome your comments below. If you are not already registered, please register to comment
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.