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Here are the key changes to know about in the New Zealand equity market; Ryman, Kiwi Property, Oceania and Sky TV lead the gainers while Gentrack, a2 Milk, Chorus and SkyCity casino all retreat

Investing / news
Here are the key changes to know about in the New Zealand equity market; Ryman, Kiwi Property, Oceania and Sky TV lead the gainers while Gentrack, a2 Milk, Chorus and SkyCity casino all retreat
NZX building ticker

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 Index is losing all its earlier good gains today, down -0.1% so far, which would see the index at least -0.4% over the past five sessions and falling. At this time it is up +7.6% on a year-on-year basis.

THE MAIN GAINERS
The NZX 50 saw moderate support from 45 gainers, with the top performers posting uniform gains of +2%. Ryman Healthcare Limited (RYM, #19) rose despite a -3% decline over the past five days and remains down -18% year-on-year. Kiwi Property Group Limited (KPG, #22) has gained +4% over the past week and is up +9% year-on-year, while Oceania Healthcare Limited (OCA, #43) is down -5% month-on-month but up +18% annually. Sky Network Television Limited (SKT, #46) also lifted +2%, despite a -5% five-day decline, and is up +27% year-on-year.

Ryman Healthcare

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THE MAIN DECLINERS
Decliners were led by 33 stocks, weighing on overall market performance. Gentrack Group Limited (GTK, #37) fell -4%, extending its four-week decline to -19% and taking its year-on-year loss to -43%. The a2 Milk Company Limited (ATM, #7) and Chorus Limited (CNU, #12) both declined -2%, with a2 Milk down -15% over five days but still up +10% year-on-year, while Chorus has gained +3% over the past month and +18% annually. SkyCity Entertainment Group (SKC, #35) eased -1%, down -12% over the past month and -36% year-on-year.

Gentrack

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SMARTSHARES EFTs

  1-day 5-day 6-month YTD 1Y
NZ Top 50 ETF (FNZ) +0.8% -0.4% -4.4% -5.9% +5.1%
NZ Top 10 ETF (TNZ) +0.6% -0.2% -0.3% -2.3% +3.4%
S/P NZX50 ETF (NZG) +1.2% +0.2% -2.5% -3.3% +5.6%
NZ Dividend ETF (DIV) +1.7% +1.5% -1.4% -0.6% +21.0%

KEY ANNOUNCEMENTS
The NZX has announced that BNP Paribas has been accredited as a Designated Market Maker on the NZX Derivatives Market ahead of the launch of S&P/NZX 20 Index Futures on the 28th of April. The appointment is expected to support market liquidity through the provision of two-way pricing, with NZX noting BNP Paribas’ global expertise in index futures market-making will play a key role in the development of New Zealand’s derivatives market.

Westpac (WBC) has provided an update on factors impacting its 1H26 results, highlighting resilience in its core operating performance despite increasing geopolitical uncertainty. The bank reported solid balance sheet momentum, with lending and deposit growth of +4% and +3% respectively, stable core net interest margin, reduced expenses through productivity initiatives, and improved asset quality alongside a stronger CET1 capital ratio. Westpac also confirmed the pending sale of its RAMS mortgage portfolio remains on track for completion in 2H26, with associated transaction costs reducing 1H26 net profit after tax by $75 mln, and expects to release its full half-year results on the 5th of May.

NZX50 Overall

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Source: NZX
Source: NZX
Source: NZX

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