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Here are the key changes to know about in the New Zealand equity market; Serko, Precinct Properties, Napier Port, and Summerset lead a NZX50 rebound, Oceania, Mainfreight, Fletcher, and Meridian are the main decliners

Investing / news
Here are the key changes to know about in the New Zealand equity market; Serko, Precinct Properties, Napier Port, and Summerset lead a NZX50 rebound, Oceania, Mainfreight, Fletcher, and Meridian are the main decliners
NZX building ticker

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 has gained +0.4%, declining -3.5% over the last five days. Year-on-year it is up +5.1%.

THE MAIN GAINERS
There were 57 gainers on the board today, helping the market rebound from yesterday’s sharp losses. Serko (SKO, #49) led the advances, rising +3%, alongside Precinct Properties (PCT, #20) which also gained +3%. Serko remains down -19% month-on-month and -47% year-on-year, while Precinct Properties has fallen -7% both month-on-month and year-on-year. Napier Port Holdings (NPH, #38) and Summerset Group Holdings (SUM, #17) each added +2%. Napier Port is down -2% for the month but retains a strong +34% year-on-year gain, while Summerset has declined -4% over the past six months and is down -17% year-on-year.

Serko

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THE MAIN DECLINERS
A total of 25 decliners weighed on the market. Oceania Healthcare (OCA, #43) fell -2%, although the stock remains up +11% over the past six months and +16% year-on-year. Mainfreight (MFT, #8) and Fletcher Building (FBU, #14) both eased -1%. Mainfreight is down -5% month-on-month and -12% year-on-year, while Fletcher Building has declined -5% over the past five trading sessions but remains up +1% year-on-year. Meridian Energy (MEL, #2) slipped -0.5%, leaving the stock down -3% over the past five days and -1% year-on-year.

Oceania Healthcare

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SMARTSHARES EFTs

  1-day 5-day 6-month YTD 1Y
NZ Top 50 ETF (FNZ) +0.8% -1.7% -2.2% -4.3% +2.6%
NZ Top 10 ETF (TNZ) +1.1% -2.4% -1.5% -1.5% +1.5%
S/P NZX50 ETF (NZG) +1.3% -1.9% -1.1% -2.2% +3.3%
NZ Dividend ETF (DIV) +1.3% -0.8% +0.2% -2.1% +14.8%

KEY ANNOUNCEMENTS
Air New Zealand (AIR, #21) has suspended its FY2026 earnings guidance due to unprecedented volatility in global jet fuel markets following the recent escalation of conflict in the Middle East. Jet fuel prices have surged from around US$85-$90 per barrel to as high as US$150-$200, with refinery margins also widening sharply, significantly impacting the airline’s cost outlook. More here: Air New Zealand suspends profit guidance - warns of 'pricing action' and 'network adjustments'

NZX50 Industrial Sector

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Source: NZX
Source: NZX
Source: NZX

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