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 looking at a -0.5% decline for the last session of the week which would put it to a -1.6% loss over the past five days. Year-on-year it is up +7.7%.
THE MAIN GAINERS
There were 24 gainers on the board today, with Gentrack (GTK, #34) leading the advances, up +3%, although the stock remains down -4% over the past five sessions. Month-on-month, Gentrack is up +1% but remains down -30% year-on-year. a2 Milk (ATM, #7) and Briscoe Group (BGP, #31) both gained +2%. a2 Milk is up +3% month-on-month and +26% year-on-year, while Briscoe Group is down -6% over the past six months but up +7% annually. NZX Limited (NZX, #46) added +1%, though it remains down -3% for the week and -11% year-on-year.
Gentrack
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THE MAIN DECLINERS
Meanwhile, 51 decliners weighed on the market, pushing the index lower. Vulcan Steel (VSL, #29) led the losses, falling -3%, extending its five-day decline to -5% and leaving the stock down -11% year-on-year. Air New Zealand (AIR, #23) declined -2%, now down -25% over the past month and -31% year-on-year. Sky Network Television (SKT, #47) also fell -2%, although it remains up +34% year-on-year. SkyCity Entertainment (SKC, #36) slipped -2%, up +12% over the past six months but down -33% 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) | -0.3% | -0.4% | -2.1% | -5.4% | +4.9% |
| NZ Top 10 ETF (TNZ) | -0.5% | -1.4% | -2.3% | -3.8% | +3.9% |
| S/P NZX50 ETF (NZG) | -0.4% | -1.4% | -2.2% | -4.1% | +4.8% |
| NZ Dividend ETF (DIV) | -0.2% | +1.3% | +1.5% | -1.6% | +17.5% |
KEY ANNOUNCEMENTS
Genesis Energy (GNE, #17) has successfully completed its NZ$300 mln underwritten offer, with strong shareholder participation delivering applications of approximately NZ$242.7 mln, representing an 80.9% take-up rate. The remaining shares will be allocated via a shortfall bookbuild, with settlement expected on the 24th to the 25th of the month and new shares to rank equally with existing shares. The company noted the outcome reflects strong shareholder support for its Gen35 strategy, including continued backing from the Crown, which will retain its 51% ownership.
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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