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 -3% free-fall today, which would put it down -4% over the past five days. year-on-year the index has gained +4.7%. But its fluid in a waterfall sort of way, so when you read this, it will have likely changed.
THE MAIN GAINERS
Reflecting the current volatility in the global economy, the New Zealand share market came under significant pressure today, leaving just 14 gainers on the equity board. Only one company within the NZX50 posted a gain, with Serko (SKO, #49) edging up a modest +0.3%. Over the past five trading sessions the stock has declined -3%, while month-on-month it has fallen sharply by -25%. Year-on-year, Serko is down -48%.
Serko
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THE MAIN DECLINERS
A total of 71 stocks declined during the session, weighing heavily on the market. Tourism Holdings (THL, #44) led the losses, falling -6%, though the stock remains up +30% year-on-year despite declining -5% over the past five days. Hallenstein Glassons Group (HLG, #42) dropped -4%, extending its five-day decline to -6%, while still holding a +20% gain year-on-year. Fletcher Building (FBU, #14) also fell -4%, leaving the stock down -9% month-on-month and broadly flat on an annual basis. Air New Zealand (AIR, #21) declined -4%, extending its five-day drop to -12%, and is now down -21% year-on-year.
Tourism Holdings
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -2.3% | -2.8% | -2.8% | -4.9% | +1.9% |
| NZ Top 10 ETF (TNZ) | -2.5% | -3.2% | -1.3% | -1.3% | +1.7% |
| S/P NZX50 ETF (NZG) | -2.3% | -3.2% | -1.9% | -2.7% | +2.8% |
| NZ Dividend ETF (DIV) | -2.0% | -1.7% | -0.2% | -2.6% | +14.3% |
KEY ANNOUNCEMENTS
Fonterra has confirmed that the agreement to sell its global consumer and associated businesses, Mainland Group, to Lactalis for $4.22 bln is now unconditional, with all required regulatory approvals received and the separation of Mainland Group from the co-operative complete. Following completion of the transaction, expected at the end of March 2026, Fonterra intends to proceed with a previously approved capital return of $2.00 per share to shareholders and unitholders, with an expected record date of the 9th of April and payment date of the 14th of April. The co-operative will confirm these dates once the transaction has formally completed.
NZX50 Food Sector
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Click on the chart title to find more about this sector, including its components.
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