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 NZX50 hits a four-week low today, dropping a sharp -1.9%. In the last month it has declined -2.9%, gaining +8.4% year-on-year.
THE MAIN GAINERS
There were just 16 gainers across the NZX equity market today, with Turners Automotive (TRA, #37) leading the advances following updated earnings guidance, rising +2%. Over the past six months, Turners has gained +23%, up +46% year-on-year. Vista Group Limited (VGL, #45) added +1%, although it remains down -8% over the past five days and -54% year-on-year. Investore Property Limited (IPL, #48) and Genesis Energy (GNE, #17) posted modest gains of +0.5%. Investore is up +4% over the past five days and +3% year-on-year, while Genesis Energy is down -6% month-on-month but up +4% annually.
Turners
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THE MAIN DECLINERS
Meanwhile, 62 decliners weighed heavily on the market, pushing the NZX50 lower. Gentrack (GTK, #34) led the losses, falling -5% and extending its five-day decline to -8%, with the stock now down -31% year-on-year. F&P Healthcare (FPH, #1) declined more than -3%, down -4% over the past five days but still up +15% year-on-year. Kathmandu Brands (KMD, #50) also dropped -3%, with a sharp -16% fall over the past five days, leaving it down -46% annually. Auckland International Airport (AIA, #2) fell -3%, down -7% for the month but still up +4% year-on-year.
Gentrack
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -1.3% | +0.5% | -2.1% | -4.8% | +5.6% |
| NZ Top 10 ETF (TNZ) | -2.4% | -0.3% | -2.0% | -2.9% | +4.3% |
| S/P NZX50 ETF (NZG) | -1.3% | 0.0% | -2.2% | -3.3% | +5.6% |
| NZ Dividend ETF (DIV) | +0.6% | +2.1% | +1.9% | -1.2% | +19.1% |
KEY ANNOUNCEMENTS
Goodman Property (GMT, #15) has advised that, further to its announcement on the 3rd of March, the third quarter distribution for the year ending 31 March 2026 will be paid to unit holders today.
Turners Automotive Group (TRA, #37) has upgraded its FY26 earnings guidance, now expecting net profit before tax of approximately $63 mln, up from prior guidance of around $60 mln, driven by strong trading across its core divisions. The performance reflects solid vehicle sales volumes, improved margins, and continued growth in finance lending, while the group also anticipates a non-cash goodwill write-down of $7-9 million related to its non-core EC Credit business. Excluding this, Turners is on track to deliver another record result, with further details to be provided at its full-year results in May.
NZX50 Property Sector
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