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Here are the key changes to know about in the New Zealand equity market; Channel Infrastructure, Property for Industry, Skellerup, and Meridian lead the market gains, as Vulcan Steel, Freightways, Napier Port, and Precinct are the key top decliners

Investing / news
Here are the key changes to know about in the New Zealand equity market; Channel Infrastructure, Property for Industry, Skellerup, and Meridian lead the market gains, as Vulcan Steel, Freightways, Napier Port, and Precinct are the key top 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 is down -0.2% leading up to the end of the last session for the week, down -2.6% over the recent five sessions. Year-on-year it gains +7.9%

THE MAIN GAINERS
There were 22 gainers on the board to close out the trading week. Channel Infrastructure (CHI, #28) led the advances, rising +4%, although the stock remains down -2% over the past five days. Year-on-year, CHI is up +48%. Property for Industry (PFI, #27) and Skellerup (SKL, #30) both gained +2%. Property for Industry is up +4% month-on-month and +12% year-on-year, while Skellerup is down -4% for the month but maintains a +12% annual gain. Meridian Energy (MEL, #2) also edged higher, gaining +1%, though it remains down -6% month-on-month and -2% year-on-year.

Channel Infrastructure

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THE MAIN DECLINERS
Meanwhile, 44 decliners pushed the index to what looks like will be a modest loss for the session. Vulcan Steel (VSL, #29) led the declines, falling -4%, extending its five-day loss to -7% and leaving the stock down -15% year-on-year. Freightways Group (FRW, #18) declined -3%, down -10% month-on-month, though it remains up +20% year-on-year. Napier Port Holdings (NPH, #38) and Precinct Properties (PCT, #20) each slipped -2%. Napier Port is up +15% over the past six months and +31% year-on-year, while Precinct Properties has fallen -15% over the last six months and -4% year-on-year.

Vulcan Steel Limited

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SMARTSHARES EFTs

  1-day 5-day 6-month YTD 1Y
NZ Top 50 ETF (FNZ) -0.4% -1.8% -2.5% -4.9% +4.4%
NZ Top 10 ETF (TNZ) +0.3% -1.7% -0.9% -1.9% +3.8%
S/P NZX50 ETF (NZG) 0.0% -1.7% -1.7% -2.8% +4.8%
NZ Dividend ETF (DIV) +0.3% -1.6% +0.6% -2.6% +13.2%

NZX50 Property Sector

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Source: NZX
Source: NZX
Source: NZX

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