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
It is currently looking at a further -0.9% decline which would put it down -3.2% over the last five days alone. Year-on-year it is up +7.6%.
THE MAIN GAINERS
There were only 16 gainers across the equity market today, with only two notable advances within the NZX50. Vista Group (VGL, #47) rose +2%, although the stock remains down -38% over the past six months and -49% year-on-year. Goodman Property Trust (GMT, #15) also edged higher, gaining +1%, but remains down -11% over the past six months and -2% compared with the same time last year.
Vista Group
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THE MAIN DECLINERS
Meanwhile, 47 stocks declined, pushing the index lower for the session. Gentrack (GTK, #35) led the losses, falling -4%. Despite the drop, the stock remains up +7% month-on-month, though it is down -26% year-on-year. SkyCity Entertainment (SKC, #33) declined -3%, extending its monthly fall to -14% and leaving the stock down -37% on an annual basis. Summerset Group Holdings (SUM, #17) and Meridian Energy (MEL, #2) both eased -2%. Summerset is down -8% month-on-month and -15% year-on-year, while Meridian Energy has fallen -3% over the past five days and -2% year-on-year.
Gentrack
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.8% | -2.1% | -1.9% | -4.6% | +4.0% |
| NZ Top 10 ETF (TNZ) | -0.2% | -2.7% | -0.5% | -1.0% | +4.7% |
| S/P NZX50 ETF (NZG) | -0.6% | -2.9% | -0.9% | -2.4% | +4.8% |
| NZ Dividend ETF (DIV) | -0.1% | -1.8% | -0.1% | -2.4% | +14.5% |
KEY ANNOUNCEMENTS
Contact Energy (CEN, #5) announced that its non-underwritten retail share offer has closed oversubscribed, receiving valid applications of approximately NZ$251 mln from 29,727 eligible shareholders. The company has elected to accept an additional NZ$50 mln in oversubscriptions, bringing the total raised under the retail offer to NZ$125 mln as part of its broader equity raise, which also included a NZ$450 mln institutional placement. New shares will be issued at NZ$8.75 per share, with settlement expected on 13 March 2026, and proceeds will be used to support renewable energy development under Contact’s Contact31+ strategy.
NZX50 Energy Sector
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Click on the chart title to find more about this sector, including its components.
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