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 tracking toward a +0.5% gain, although it remains down -1.3% over the past five sessions. It is maintaining a solid +8.9% gain on a year-on-year basis.
THE MAIN GAINERS
The NZX 50 Index remained marginally higher, supported by 44 gainers. Precinct Properties (PCT, #20) led the session with a +3% gain, despite being down -3% over the past month, -13% over six months, and -2% year-on-year. Heartland Group Holdings (HGH, #27) and EBOS Group Limited (EBO, #11) each rose +2%, with Heartland down -6% month-on-month but up a strong +68% year-on-year, while EBOS remains under pressure, down -24% over six months and -40% year-on-year. Kathmandu Brands Limited (KMD, #50) added +1%, though it is down -7% over five days and -66% year-on-year.
Precinct Properties
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THE MAIN DECLINERS
Decliners were slightly more contained at 32 stocks, led by Oceania Healthcare Limited (OCA, #43), which fell -3%, down -4% over the past month but still up +20% year-on-year. SkyCity Entertainment Group (SKC, #35) and Sanford Limited (SAN, #39) both declined -2%, with SkyCity down -13% month-on-month and -36% year-on-year, while Sanford has gained +3% over five days and +57% year-on-year. Vulcan Steel Limited (VSL, #30) eased -1%, extending its monthly decline to -15% and leaving it down -16% year-on-year.
Oceania Healthcare
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.6% | -0.9% | -4.8% | -5.7% | +6.1% |
| NZ Top 10 ETF (TNZ) | -0.5% | -2.9% | -1.9% | -3.3% | +3.4% |
| S/P NZX50 ETF (NZG) | +0.6% | -1.0% | -2.7% | -3.5% | +6.6% |
| NZ Dividend ETF (DIV) | +0.3% | +1.0% | -2.1% | -0.5% | +21.0% |
KEY ANNOUNCEMENTS
Chorus (CNU, #12) has reported its Q3 FY26 update, with total connections increasing quarter-on-quarter for the first time since FY13, driven by fibre growth. Fibre connections rose to 1.142 million, up ~13,000 in the quarter, offsetting ongoing copper declines and lifting total connections by 3,000. Fibre uptake reached 73.1%, while data usage remained strong, with average monthly usage up 8% year-on-year. Copper disconnections continued, with 10,000 lines removed, and Chorus has brought forward its planned copper network retirement to 2028, reflecting the accelerating shift to modern broadband technologies.
Ryman Healthcare (RYM, #19) has reported Q4 FY26 sales of 331 occupation right agreements (ORAs), up +10% year-on-year, contributing to full-year sales of 1,410 ORAs, in line with guidance when adjusted for internal relocations. The company highlighted improving sales momentum, with net applications exceeding turnover for the first time since contract changes in 2024, alongside strong demand for its aged care offering, with occupancy at 96.1%. Development activity moderated during the year, reducing exposure to construction cost pressures, while FY26 free cash flow is expected to reach approximately $180 mln.
Air New Zealand (AIR, #24) has reported strong passenger growth for March 2026, with total international movements rising +8% year-on-year to 928,000, supported by a +2% increase in seat capacity and higher load factors of 86%. Growth was led by increases across key markets, including China (+21%) and Australia (+15%), while short-haul and long-haul routes both delivered improved load factors despite capacity adjustments. Disruptions to Middle Eastern routes, following geopolitical tensions, saw significant declines in traffic on those services. Domestically, passenger volumes rose +3% with stable load factors, while Queenstown Airport recorded strong growth, with international passengers up +23% and domestic up +5% year-on-year.
F&P Healthcare (FPH, #1) has advised that it will release its full year results on 26 May 2026.
NZX50 Energy Sector
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