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 down -0.9%, but up +1.0% over the recent five sessions. Year-on-year it has gained +3.5%.
THE MAIN GAINERS
There were 19 gainers in the final trading session of the week. Auckland International Airport (AIA, #3) rose +2%, taking its five-day gain to +8%. The stock is up +14% over the past six months and +9% year-on-year. Investore Property Limited (IPL, #48) gained +1%, though it remains down -3% month-on-month and -2% lower year-on-year. Tower Limited (TWR, #41) also increased +1%, despite declining -5% over the past month, while remaining up +30% year-on-year. Spark (SPK, #12) lifted +1% on the day but is down -4% over the past month and -25% year-on-year.
Auckland International Airport
Select chart tabs
THE MAIN DECLINERS
There were 55 decliners, led by EBOS (EBO, #10), which fell -5%, extending losses to -40% over the past six months and -38% year-on-year. SkyCity Entertainment (SKC, #33) declined -4%, down -17% month-on-month and -36% year-on-year. a2 Milk (ATM, #7) and Mercury Energy (MCY, #6) both fell -3%; however, a2 Milk remains up +15% over the past month and +35% year-on-year, while Mercury Energy is down -2% over the past five sessions and -4% annually.
EBOS Group
Select chart tabs
SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -1.2% | +0.7% | +0.9% | -3.4% | 0.0% |
| NZ Top 10 ETF (TNZ) | -0.7% | +1.5% | -0.3% | -0.8% | -1.3% |
| S/P NZX50 ETF (NZG) | -1.3% | +0.3% | +0.3% | -1.9% | +0.3% |
| NZ Dividend ETF (DIV) | -0.2% | +0.2% | +5.1% | -1.4% | +9.7% |
KEY ANNOUNCEMENTS
Fonterra has increased its forecast Farmgate Milk Price for the 2025/26 season, lifting the midpoint from $9.00 to $9.50 per kgMS and narrowing the forecast range to $9.20–$9.80 per kgMS, supported by improving global dairy prices and a well-contracted sales book. The Co-operative confirmed FY26 earnings guidance from continuing operations remains unchanged at 45–65 cents per share and announced plans to distribute 100% of Mainland Group earnings generated during FY26 via a special dividend, expected to be approximately 14–18 cents per share, following completion of the sale to Lactalis. The transaction is anticipated to complete in Q1 2026, subject to regulatory approvals and business separation.
Vector (VCT, #11) reported first-half FY26 results in line with expectations, with adjusted EBITDA from continuing operations rising +19% to $240 mln on the back of +14% revenue growth, while net profit after tax declined -4% to $113 mln due to lower capital contributions. Gross capital expenditure totalled $223 mln as the company continued investing in network growth and electrification, and an interim dividend of 12.5 cents per share was declared. Electricity network performance drove earnings growth, while gas distribution remained stable and other segments weakened. Looking ahead, Vector expects full-year adjusted EBITDA to remain within guidance of $470–$490 mln and forecasts increased capital investment through the second half as it continues expanding and strengthening Auckland’s energy infrastructure.
NZX50 Telecommunication 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.