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 is looking at a +1.0% lift so far today, still declining over the past five days down -1.2%. Year-on-year it has gained +2.6%.
THE MAIN GAINERS
There were 56 gainers helping continue the NZX50's consecutive gain. Chorus (CNU, #14) gained +3%, up +5% over the last five days. In the last year Chorus gains +7%. Skellerup (SKL, #29) gains +2%, up +12% month-on-month. Year-on-year it has gained +8%. Fletcher Building (FBU, #13) is also up +2%, falling -3% over the past five days. Year-on-year Fletcher has gained +7%. Auckland Airport (AIA, #3) gained +2%, up +5% over the month. Year-on-year they gain +4%.
Chorus
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THE MAIN DECLINERS
There were 20 decliners on the board, the biggest decline by a2 Milk (ATM, #7) down -3%. Over the past five days a2 has gained +11%, up a strong +39% year-on-year. Tourism Holdings (THL, #44) declined by -2%, down -13% month-on-month. Year-on-year THL is up +21%. SkyCity Entertainment (SKC, #33) fell -2%, down -12% month-on-month. Year-on-year SkyCity is down -38%. Hallenstein Glassons (HLG, #42) declined by -1%, up +21% over the past six months. Year-on-year HLG gains +13%.
A2 Milk
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.7% | -0.7% | +2.3% | -3.0% | -0.9% |
| NZ Top 10 ETF (TNZ) | +1.9% | -0.8% | +0.9% | -0.6% | -3.0% |
| S/P NZX50 ETF (NZG) | +1.2% | -1.2% | +1.9% | -1.3% | -0.5% |
| NZ Dividend ETF (DIV) | +1.0% | -1.0% | +0.3% | -1.1% | +10.0% |
KEY ANNOUNCEMENTS
Auckland Airport (AIA, #3) reported solid first-half FY26 results, with total passenger numbers increasing +2% to 9.64 mln and revenue rising +4% to $519.6 mln, while operating EBITDAFI and underlying net profit after tax both grew +6% to $371.3 mln and $157.1 mln respectively. Performance was supported by improving international connectivity, infrastructure investment progress and operational efficiencies, including faster passenger processing times and expanded airfield capacity. The airport continued advancing major projects such as the new domestic jet terminal and international airfield expansion, while commercial property performance remained strong with high occupancy levels. An interim dividend of 6.50 cents per share was declared, and the company narrowed FY26 underlying profit guidance to $295–$320 mln, reflecting positive passenger demand trends despite ongoing global aircraft supply constraints.
Contact Energy (CEN, #5) has opened a non-underwritten retail offer to raise up to NZ$75 mln as part of its broader equity raise, which also included a fully subscribed NZ$450 mln institutional placement completed at NZ$8.75 per share. The retail offer allows eligible New Zealand and Australian shareholders to purchase additional shares without brokerage costs, with applications subject to potential scaling at Contact’s discretion. The issue price will be the lower of the placement price or a 2.5% discount to the five-day volume weighted average market price prior to closing. New shares issued under both the placement and retail offer will rank equally with existing shares but will not qualify for the interim dividend payable on the 25th of March.
Scales Corp (SCL, #34) has upgraded its FY25 earnings guidance, with underlying net profit after tax attributable to shareholders now expected to be between $61 mln and $62 mln, compared with previous guidance of $54 mln to $59 mln. The company noted that the final result remains subject to audit and will be released to the market on the 25th of Feb.
SkyCity (SKC, #33) reported mixed interim FY26 results, with total revenue declining -2.4% to $411.7 mln while reported net profit after tax increased +99% to $12.1 mln, reflecting improved statutory performance compared with the prior period. However, underlying net profit after tax fell significantly to $14.4 million from $44.2 mln, highlighting weaker underlying earnings despite stable revenue levels. Earnings per share improved on a reported basis but declined on an underlying basis, and the company confirmed that no interim dividend will be paid for FY26.
Fonterra farmer shareholders have approved the capital return scheme linked to the planned sale of its global Consumer and associated businesses, with 98.85% of votes cast in favour at a Special Meeting. The approval allows Fonterra to seek final Court approval to proceed with a $2.00 per share capital return to shareholders and unit holders, subject to completion of the divestment of Mainland Group to Lactalis and remaining regulatory approvals. The transaction is expected to complete in Q1 2026, after which Fonterra will confirm the record date ahead of distributing the capital return payment.
NZX50 Industrial Sector
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