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 trading modestly higher, up +0.2%, though it remains down -1.3% over the past five sessions, while maintaining solid year-on-year growth of +8.6%.
THE MAIN GAINERS
The NZX 50 Index saw modest support from 37 gainers, with Genesis Energy Limited (GNE, #16) leading the session, up +3% on the day and +4% over five days, while holding a +6% year-on-year gain despite a -5% six-month decline. Chorus Limited (CNU, #12) and Infratil Limited (IFT, #4) also advanced, rising +2% and +1% respectively, with Chorus delivering strong momentum +20% year-on-year. Infratil Limited (IPL, #48) added +2%, though remains under pressure over longer periods, down -17% over six months.
Genesis Energy
Select chart tabs
THE MAIN DECLINERS
Decliners were broadly matched at 36, led by Gentrack Group Limited (GTK, #37), which fell -2%, extending declines to -5% over five days and -42% year-on-year. Kathmandu Brands (KMD, #50) dropped -1%, with continued weakness across all timeframes, including -65% over six months and -67% year-on-year. The a2 Milk Company Limited (ATM, #7) declined -1%, down -18% over five days and -19% month-on-month, though still up +6% annually. Channel Infrastructure NZ (CHI, #26) eased -1%, but remains a standout over longer periods, up +13% over six months and +54% year-on-year.
Gentrack
Select chart tabs
SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.2% | -1.1% | -5.3% | -5.9% | +5.8% |
| NZ Top 10 ETF (TNZ) | +0.5% | -2.3% | -1.9% | -2.8% | +2.8% |
| S/P NZX50 ETF (NZG) | +0.04% | -1.4% | -3.3% | -3.3% | +6.0% |
| NZ Dividend ETF (DIV) | +0.2% | +1.7% | -0.9% | -0.2% | +21.5% |
KEY ANNOUNCEMENTS
Fletcher Building (FBU, #14) has reported its Q3 FY26 update, highlighting early signs of volume recovery across parts of the business, particularly in Light Building Products and Distribution, supported by improving activity in New Zealand alterations and additions and a broad-based uplift in Australia. Heavy Building Materials performance remained mixed, with subdued volumes overall despite pockets of project-driven demand, while residential activity continues to reflect challenging market conditions.
Contact Energy (CEN, #5) has reported its March 2026 operating update, with strong increases in both customer and wholesale electricity volumes. Mass market electricity and gas sales rose to 359GWh, while contracted wholesale electricity sales reached 903GWh, supported by total generation of 925GWh. Margins softened slightly, with customer netback at $172.45/MWh and wholesale net revenue at $130.99/MWh, though generation costs declined significantly, reflecting improved cost efficiency.
NZX50 Industrial Sector
Select chart tabs
Click on the chart title to find more about this sector, including its components.
We welcome your comments below. If you are not already registered, please register to comment
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.