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 NZX 50 is tracking lower, down -0.9%, indicating a softer session following recent gains. Despite today’s pullback, the index remains up +2.6% over the past five sessions, up +7.9% year-on-year.
THE MAIN GAINERS
The NZX 50 Index faced softer momentum, with just 26 gainers across the broader market limiting upside. Advances within the index were modest, with Tower Limited (TWR, #40), Port of Tauranga Limited (POT, #9), Genesis Energy Limited (GNE, #16), and Stride Property Group (SPG, #41) each rising +0.5%. Tower has gained +1% over the past five days, +6% month-on-month, and +41% year-on-year, while Port of Tauranga is down -2% over six months but up +25% annually. Genesis has lifted +2% over the past month and +4% year-on-year, while Stride has gained +6% over the past week with flat year-on-year performance.
Tower
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THE MAIN DECLINERS
Decliners dominated the session, with 50 stocks closing lower and weighing on the index. Gentrack Group Limited (GTK, #36), Summerset Group Holdings Limited (SUM, #18), and Fisher & Paykel Healthcare (FPH, #1) each fell -3%, alongside Serko Limited (SKO, #50). Gentrack is down -7% over the past five days and -41% year-on-year, while Summerset has declined -14% over the past month and -20% annually. Fisher & Paykel Healthcare remains up +6% over six months and +11% year-on-year despite today’s pullback, while Serko has gained +5% over the past week but is down -49% year-on-year.
Gentrack
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -1.1% | +1.5% | -6.2% | -5.9% | +4.4% |
| NZ Top 10 ETF (TNZ) | -0.4% | +4.1% | 0.0% | -0.5% | +5.3% |
| S/P NZX50 ETF (NZG) | -0.9% | +2.3% | -3.6% | -2.8% | +5.2% |
| NZ Dividend ETF (DIV) | -1.0% | +0.9% | -5.1% | -2.2% | +17.9% |
KEY ANNOUNCEMENTS
Kiwi Property Group (KPG, #21) has announced the appointment of Sarah Theodore as Chief Financial Officer, effective late July. Theodore brings more than 20 years of experience across banking, infrastructure, property and retirement sectors in New Zealand and Australia, most recently serving as Deputy CFO at Summerset Group Holdings Limited, with prior senior roles at Transpower New Zealand and Macquarie Group.
Infratil (IFT, #4) has advised that it will release its FY26 financial results for the year ended 31 March 2026 on Tuesday, the 26th of May.
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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