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 currently down -1.0%, which puts it down -4.2% in the last month. Year-on-year it remains in the green up +6.1%.
THE MAIN GAINERS
There were 22 gainers across the market today, although advances within the NZX50 were modest. Vista Group (VGL, #47) rose +1%, despite remaining down -8% over the past five days and -55% year-on-year. EBOS Group (EBO, #11) also lifted +1%, though it is down -10% month-on-month and -41% annually. Spark (SPK, #13) and Contact Energy (CEN, #5) both edged up +0.5%. Spark is down -7% over the past five days but remains up +7% year-on-year, while Contact Energy has gained +6% over the past year.
Vista Group
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THE MAIN DECLINERS
However, 65 decliners weighed heavily on the index, driving another sharp market fall. Gentrack (GTK, #36) led the losses, dropping -7% to be down -32% over the past six months and -34% year-on-year. Tourism Holdings (THL, #44) and Air New Zealand (AIR, #24) both fell -5%. Tourism Holdings is down -17% for the month but remains up +24% year-on-year, while Air New Zealand has declined -28% over the past month and -35% annually. Ryman Healthcare (RYM, #19) also weakened, falling -4%, down -11% month-on-month and -17% 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% | -2.2% | -3.7% | -6.9% | +2.9% |
| NZ Top 10 ETF (TNZ) | -0.9% | -4.1% | -3.7% | -5.1% | +1.4% |
| S/P NZX50 ETF (NZG) | -1.0% | -3.6% | -3.7% | -5.5% | +3.2% |
| NZ Dividend ETF (DIV) | -0.4% | -0.2% | -0.2% | -2.6% | +15.3% |
KEY ANNOUNCEMENTS
Fonterra has reported a strong HY26 result, with revenue rising to NZ$13.9 bln and profit after tax increasing to NZ$750 mln, supported by improved global commodity prices, strong margins and cost control. The Co-op declared a fully imputed interim dividend of 24 cents per share alongside a 16 cent special dividend related to the Mainland Group, while lifting its Farmgate Milk Price midpoint to NZ$9.70 per kgMS and upgrading FY26 earnings guidance to 50-65 cents per share. Performance was driven by solid returns across Ingredients and Foodservice, with continued progress on strategic initiatives including the Mainland divestment and capacity expansion projects, although management noted ongoing volatility linked to geopolitical tensions and supply chain pressures.
Mercury (MCY, #6) has announced an offer of up to NZ$200 mln of seven-year unsecured, unsubordinated fixed-rate green bonds, with the ability to accept a further NZ$50 mln in oversubscriptions.
Synlait Milk reported a challenging HY26 result, with a net loss after tax of $80.6 mln and an underlying loss of $27.3 mln, alongside a reported EBITDA loss of $34.7 mln. Despite revenue increasing to $949 mln, profitability was impacted by a sharp decline in gross profit and rising net debt, which increased to $472.1 mln. The company has withdrawn FY26 guidance, although it maintains a forecast base milk price of $9.50 per kgMS, or $9.90 including premiums.
NZX50 Food Sector
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Click on the chart title to find more about this sector, including its components.
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