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 toward a -0.4% decline for the final session of the week, extending its five-day loss to -1.2%, while still holding a +7.4% gain on a year-on-year.
THE MAIN GAINERS
The NZX 50 Index saw a mixed session, with 34 gainers providing some support. Oceania Healthcare Limited (OCA, #43) led the upside, rising +3%, though it remains down -2% over the past month while up +20% year-on-year. Vista Group International Limited (VGL, #47) gained +2% despite a -1% decline over the past five days and a sharp -51% year-on-year fall. Skellerup Holdings Limited (SKL, #29) and Kiwi Property Group Limited (KPG, #22) both rose +1%, with Skellerup up +4% month-on-month and +40% year-on-year, while Kiwi Property is down -3% over the past month but up +5% annually.
Oceania Healthcare
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THE MAIN DECLINERS
Decliners outnumbered gainers at 41, weighing on overall market performance, with the largest falls across key names at -2%. Fletcher Building Limited (FBU, #14) dropped -2%, extending its monthly decline to -15% and leaving it down -10% year-on-year. Gentrack Group Limited (GTK, #37) also eased -2%, with continued weakness reflected in a -5% five-day decline and -44% year-on-year fall. Air New Zealand (AIR, #24) declined -2%, despite a +3% monthly gain, and remains down -21% year-on-year, while Mercury NZ Limited (MCY, #6) fell -2%, though it has gained +2% over the past five sessions and is up +13% year-on-year.
Fletcher Building
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.1% | -0.9% | -5.2% | -6.0% | +4.3% |
| NZ Top 10 ETF (TNZ) | -0.5% | -1.7% | -0.9% | -2.9% | +2.7% |
| S/P NZX50 ETF (NZG) | -0.4% | -2.3% | -2.7% | -3.8% | +5.0% |
| NZ Dividend ETF (DIV) | -0.6% | +1.6% | -2.3% | -0.8% | +19.6% |
KEY ANNOUNCEMENTS
The NZX has announced that Craigs Investment Partners has been accredited as a Trading Participant on the NZX Derivatives Market ahead of the S&P/NZX 20 Index Futures launch on the 28th of April. The move is seen as a positive signal of industry support for the upcoming product, with NZX highlighting the role of participants like Craigs in enhancing access, liquidity, and development of New Zealand’s derivatives market for both domestic and international investors.
Meridian Energy (MEL, #2) has reported its March and Q3 FY26 operational update, highlighting softer hydro storage levels and mixed inflows alongside strong demand and retail performance. National hydro storage declined to 106% of historical average by mid-April, with South Island levels below average and North Island storage elevated, while Meridian’s March inflows were 74% of average but remain strong year-to-date at 123% of average. Electricity demand increased +4.5% year-on-year in March, supported by higher industrial load, while retail sales volumes rose +11.4% with broad-based growth across customer segments. For Q3, generation increased +16.4% year-on-year despite lower pricing, and customer numbers lifted 17.7%. The company also revised FY26 capital expenditure guidance lower to $280–$310 mln, reflecting updated investment expectations.
NZX50 Energy Sector
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