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 is set to gain a strong +1.3% today, which would put it at a +1.0% lift over the past five days. Year-on-year it's up +10.9%.
THE MAIN GAINERS
Strong buying momentum sees 63 gainers lift the NZX50 to a sharp gain today. Air New Zealand (AIR, #24) led the market, rising +5%, although the stock remains under pressure longer term, down -25% over the past six months and -22% year-on-year. Skellerup (SKL, #29) and Vulcan Steel (VSL, #32) both advanced +4%, with Skellerup up +5% over the last five days and +27% year-on-year, while Vulcan Steel remains down -12% month-on-month and -13% annually. Stride Property Group (SPG, #41) also gained +4%, sitting slightly lower month-on-month and flat year-on-year.
Air New Zealand
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THE MAIN DECLINERS
A smaller group of 22 decliners capped the upside. Kathmandu Brands (KMD, #49) led the falls, dropping -7%, despite rebounding +31% over the past five days, though still down -60% year-on-year. Napier Port Holdings (NPH, #38), Sanford (SAN, #39), and Vista Group (VGL, #47) each eased -1%. Napier Port is down -3% month-on-month but up +37% annually, while Sanford continues to show strength, up +21% over the past six months and +46% year-on-year. Vista Group remains under pressure, declining -12% over the past month and -53% year-on-year.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +1.7% | +1.9% | -6.2% | -5.6% | +8.0% |
| NZ Top 10 ETF (TNZ) | +1.8% | +1.9% | -1.8% | -1.8% | +7.9% |
| S/P NZX50 ETF (NZG) | +1.9% | +2.2% | -3.6% | -3.2% | +7.9% |
| NZ Dividend ETF (DIV) | +1.5% | +2.9% | -4.0% | -1.8% | +22.0% |
KEY ANNOUNCEMENTS
Trading activity on the NZX (NZX, #45) softened in March, with total equity transactions declining -2.7% to 969,304 trades, while total value traded fell -11.9% to $3.64 bln. Despite this, on-market participation improved, with 68.0% of value traded occurring on-market, up +6.5%. Average on-market trade size eased slightly, down -3.3% to $2,564. Market capitalisation remained resilient though, with total market value rising +2.1% year-on-year to $238.9 bln, representing 53.7% of GDP. Equity market capitalisation increased +5.4% to $173.99 bln, while listed funds declined -12.2% to $8.72 bln. The total NZX Main Board lifted +4.4% year-on-year to $182.7 bln, highlighting steady growth across the core equity market.
KMD Brands (KMD, #49) has opened the retail component of its approximately $58.5 mln fully underwritten entitlement offer, allowing eligible shareholders in New Zealand and Australia to subscribe for new shares at NZ$0.06 (A$0.05) per share on a 1-for-0.73 basis.
Turners Automotive Group (TRA, #35) has declared a fully imputed Q3 FY26 dividend of 9 cents per share, up from 7 cents in the prior year. The dividend will be paid on the 29th of April.
a2 Milk (ATM, #7) has reached an in-principle agreement to settle shareholder class action proceedings in the Supreme Court of Victoria for A$62 mln, inclusive of interest and costs. The settlement, which relates to disclosures and FY21 guidance, will be fully covered by insurance with no impact on FY26 earnings. The agreement is subject to court approval, with the company making no admission of liability.
NZX50 Consumer Goods Sector
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