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 driving towards a steep -1.4% decline today which would put it down -6.6% in the last month. Year-on-year the gain is down to +4.0%.
THE MAIN GAINERS
There were 18 gainers on the board today, offering little support against a big drop that pushed the index lower. Vista Group (VGL, #47) led the limited advances, rising +2%, though the stock remains down -3% over the past five days, -7% month-on-month and -56% year-on-year. Serko (SKO, #49) and The NZX (NZX, #45) both gained +1%. Serko continues to face significant pressure, down -21% over the past month and -61% year-on-year, while NZX is up +1% over the last five days but remains down -18% annually.
Vista Group
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THE MAIN DECLINERS
Decliners dominated the session, with 66 stocks falling and weighing heavily on the NZX50. Oceania Healthcare (OCA, #43) led the losses, dropping -6% and down -18% month-on-month, while still up +10% year-on-year. Fletcher Building (FBU, #14) declined -5%, down -14% over the month and -9% year-on-year. Ryman Healthcare (RYM, #19) and Vulcan Steel (VSL, #31) both fell -4%, with Ryman down -21% over six months and -26% year-on-year, and Vulcan Steel down -23% over six months and -28% annually.
Oceania Healthcare
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -1.7% | -2.1% | -6.6% | -8.3% | +0.7% |
| NZ Top 10 ETF (TNZ) | -0.2% | 0.0% | -2.6% | -3.6% | +2.0% |
| S/P NZX50 ETF (NZG) | -1.8% | -2.4% | -5.2% | -6.3% | +1.0% |
| NZ Dividend ETF (DIV) | -0.6% | -2.3% | -4.6% | -4.6% | +13.9% |
KEY ANNOUNCEMENTS
Property for Industry (PFI, #28) has launched an offer of up to $125 mln of 6.5-year senior secured fixed-rate bonds, with the ability to accept up to an additional $75 mln in oversubscriptions. The bonds, expected to be quoted on the NZX Debt Market under ticker PFI040, will have an interest rate set following a bookbuild process, with an indicative margin range of 1.30% to 1.40% per annum, and are scheduled for issue on the 13th of April.
Genesis Energy (GNE, #16) has announced that Chief Financial Officer Julie Amey will step down effective the 10th of April, following her role in delivering key transformation initiatives including enterprise systems and finance capability improvements. The company has commenced a process to appoint a successor and will update the market in due course.
NZX50 Property Sector
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Click on the chart title to find more about this sector, including its components.
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