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 currently up +1.3%, but down -2.3% decline over the past five days. Year-on-year the NZX50 is up +6.8%.
THE MAIN GAINERS
There were 56 gainers on the board today, helping push the index to a solid gain. Mercury Energy (MCY, #6) led the advances, rising +3%, although the stock remains down -1% month-on-month and is up +12% year-on-year. Briscoe Group (BGP, #31) also added +3%, despite declining -13% over the past six months, while remaining up +5% year-on-year. Fletcher Building (FBU, #14) gained +3%, though the stock has fallen -9% over the past month and is up +4% compared with the same time last year. a2 Milk (ATM, #7) rose +2%, extending its monthly gain to +14% and lifting its year-on-year increase to +31%.
Mercury Energy
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THE MAIN DECLINERS
Meanwhile, 22 decliners weighed on the market. Investore Property (IPL, #48) fell -2%, leaving the stock down -10% over the past six months and -6% year-on-year. Stride Property Group (SPG, #40) dropped -1%, down -3% over the past five days and -5% year-on-year. Napier Port Holdings (NPH, #38) also eased -1%, though the stock remains up +11% over the past six months and +30% year-on-year. Vulcan Steel (VSL, #29) declined -1%, extending its monthly drop to -5% and leaving the stock down -13% on an annual basis.
Investore Property
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.9% | -1.8% | -1.8% | -4.5% | +2.8% |
| NZ Top 10 ETF (TNZ) | +0.5% | -3.1% | -1.8% | -1.8% | +1.7% |
| S/P NZX50 ETF (NZG) | +0.7% | -2.8% | -0.9% | -2.4% | +3.9% |
| NZ Dividend ETF (DIV) | -0.4% | -1.7% | -0.6% | -2.9% | +12.8% |
KEY ANNOUNCEMENTS
Tāiko Critical Minerals (TCM) Limited has received the financial model report for its Barrytown Minerals Project, outlining strong projected returns and cash generation over the life of the mine. The model estimates revenue of approximately USD 3.28 bln with operating margins of around 57.5%, an initial development capital requirement of about USD 66 mln, and cumulative free cash flow of roughly USD 1.28 bln. At a 10% discount rate the project delivers an estimated net present value of USD 281 mln and a project IRR of 28.8%, with potential equity IRR of 40.7% and capital payback within approximately five years, supporting the project’s progression toward a Definitive Feasibility Study expected later this year.
Briscoe Group Limited (BGP, #31) reported record sales of $798.8 mln for the year ended 25 January 2026, up +0.9% year-on-year, while net profit after tax was $59.2 mln compared with $60.6 mln the previous year. Both Homeware and Sporting Goods segments delivered modest growth and online sales increased to 20.0% of total group revenue. Gross margin eased to 39.23% amid competitive retail conditions, although the group maintained tight cost control with total costs rising just +1.2% and inventory levels reduced year-on-year. The board declared a fully imputed final dividend of 10.0 cents per share, taking the full-year dividend to 20.0 cents per share, while the company continues investing in strategic initiatives including its new Drury distribution centre and store development projects aimed at supporting future growth.
NZX50 Consumer Goods Sector
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