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
Currently the index is up +0.4%, declining by -0.5% over the past five days. Year-on-year it has gained +9.6%.
THE MAIN GAINERS
There were 47 gainers across the NZX equity market today, supporting what appears to be a modest lift in the NZX50. Tourism Holdings (THL, #44) led the advances, rising +6%, although it remains down -5% over the past five days. Year-on-year, THL is up +36%. Air New Zealand (AIR, #23) gained +5%, despite being down -24% month-on-month and -28% year-on-year. Sky Network Television (SKT, #47) lifted +4%, down -4% over the past five days but up +35% annually. NZX Limited (NZX, #46) also advanced +3%, though it remains down -9% year-on-year.
Tourism Holdings
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THE MAIN DECLINERS
There were 30 decliners on the board. Within the NZX50, only a small number of stocks recorded notable losses. Summerset Group Holdings (SUM, #16) declined -2%, extending its monthly fall to -5% and leaving it down -15% year-on-year. Fisher & Paykel Healthcare (FPH, #1) and Sanford (SAN, #39) both eased -1%. F&P Healthcare remains up +4% month-on-month and +19% year-on-year, while Sanford is down -3% over the month but continues to post a strong +55% annual gain.
Summerset Group Holdings
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.9% | +0.2% | -1.1% | -4.2% | +5.6% |
| NZ Top 10 ETF (TNZ) | -1.1% | -1.4% | -0.9% | -2.4% | +5.5% |
| S/P NZX50 ETF (NZG) | +0.9% | -0.5% | -0.6% | -2.1% | +5.9% |
| NZ Dividend ETF (DIV) | +1.0% | +0.9% | +0.9% | -1.5% | +16.6% |
KEY ANNOUNCEMENTS
Contact Energy (CEN, #5) reported a strong lift in activity for February 2026, with mass market electricity and gas sales rising to 295GWh and contracted wholesale electricity sales increasing to 816GWh year-on-year. Generation volumes also improved to 809GWh, while unit generation costs fell significantly to $41.70/MWh, reflecting improved cost efficiency. However, wholesale electricity net revenue eased to $122.35/MWh. Hydro storage levels remained favourable, with South Island storage at 98% of mean and North Island at 164%, although inflows into the Clutha catchment were below average at 73% of mean. Otahuhu futures pricing for Q2 2026 continued to trend higher, reaching $220.3/MWh as at mid-March.
Tourism Holdings Limited (THL, #44) has reaffirmed its FY26 guidance of underlying NPAT between $43 mln and $47 mln during a presentation to the New Zealand Shareholders Association. The company noted that geopolitical tensions in the Middle East have had only a limited immediate impact, with minimal booking cancellations and a slight slowdown in forward bookings for Australia and New Zealand, which is expected to reflect deferred demand rather than lost business, while North American bookings remain largely unaffected.
KMD Brands (KMD, #50) has advised it will release its results for the six months ended 31 January on Wednesday the 25th of March.
NZX50 Energy Sector
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