Here are the key changes to know about in the New Zealand equity market; EBOS, Ryman, Kiwi Property Group and Property for Industry drives NZX50 higher, as Kathmandu, Briscoes, Gentrack and Skellerup weigh

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 aiming towards a +0.5% gain, holding a decline of -5.6% month-on-month, gaining +4.7% year-on-year.

THE MAIN GAINERS
There were 55 gainers on the board today, driving the NZX50 to a solid gain. EBOS Group (EBO, #11) led the advances, rising +5% and up +4% over the past five days, although the stock remains down -40% year-on-year. Ryman Healthcare (RYM, #19) gained +3%, but continues to face pressure, down -11% month-on-month and -20% annually. Kiwi Property Group (KPG, #21) and Property for Industry (PFI, #28) also lifted +3%, with Kiwi Property down -8% over the month but up +5% year-on-year, while Property for Industry is down -6% month-on-month and up +4% annually.

THE MAIN DECLINERS
There were 22 decliners on the board, headlined by a sharp sell-off in Kathmandu Brands (KMD, #50), which dropped -27% in today’s session. The stock is now down -45% over the past month and -63% year-on-year. Briscoe Group (BGP, #30) declined -3%, down -12% over the past six months but still up +8% year-on-year. Gentrack (GTK, #36) fell -2%, down -17% month-on-month and -39% annually, while Skellerup (SKL, #29) eased -1%, down -9% over the month but maintaining a +9% year-on-year gain.

SMARTSHARES EFTs

KEY ANNOUNCEMENTS
Synlait Milk (SML) has completed the NZ$307 mln sale of its North Island assets to Abbott, marking a significant step in its balance sheet restructuring. Proceeds of approximately NZ$283 mln have been received, with NZ$200 mln allocated to debt repayment, reducing committed bank facilities from NZ$400 mln to NZ$200 mln. The divestment includes the Pōkeno facility and associated Auckland assets, with remaining funds supporting ongoing recovery efforts as the company continues refinancing discussions amid prior operational challenges.

KMD Brands (KMD, #50) has successfully completed its $6.8 mln placement and institutional component of its ~$58.5 mln entitlement offer, raising approximately $44.2 mln in gross proceeds through strong institutional support, including a 79% take-up rate. The retail entitlement offer is set to open on the 7th of April, with proceeds aimed at strengthening the company’s balance sheet and supporting its ongoing transformation strategy.

Briscoe Group (BGP, #30) delivered a resilient FY26 result reporting record sales of $798.8 mln, up +0.9% year-on-year, supported by growth across both homeware and sporting goods segments and continued expansion in online sales. Profitability remained solid, with NPAT of $59.2 mln, slightly below the prior year, reflecting margin pressure and lower interest income, while gross margin eased to 39.23% amid competitive conditions. Strong cost control, disciplined inventory management and ongoing investment in infrastructure and digital capability underpinned performance, with the Group maintaining a robust balance sheet and positioning itself for longer-term earnings growth as major capital projects progress.

Channel Infrastructure (CHI, #27) has announced it is working with the New Zealand Government to rapidly expand diesel storage capacity at its Marsden Point site, targeting an additional 93 million litres within approximately two months. The project is aimed at strengthening national fuel security and resilience against supply disruptions, with works set to commence immediately, while contractual details are finalised and operations at the terminal continue as normal.

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