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 trading slightly lower, down -0.1%, extending its five-day decline to -0.9%. Despite the recent softness, the index remains virtually unchanged over the past month while sitting down -3.5% over six months and maintaining a solid +9.0% gain year-on-year.
THE MAIN GAINERS
A total of 44 gainers helped support the market, led by Mainfreight Limited (MFT, #8), which climbed +4%, extending its monthly gain to +2% and sitting up +8% annually. Ryman Healthcare Limited (RYM, #18) followed with a +3% rise, despite remaining down -16% year-on-year. Precinct Properties New Zealand Limited (PCT, #20) gained +2%, while Freightways Group Limited (FRW, #17) also lifted +2%, maintaining a strong +23% year-on-year gain.
Mainfreight
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THE MAIN DECLINERS
There were 36 decliners on the board, led by Fletcher Building Limited (FBU, #14), which fell -2%, extending its five-day loss to -5% and leaving the stock down -8% annually. Infratil Limited (IFT, #4) also declined -2%, although it remains up +19% year-on-year. Heartland Group Holdings Limited (HGH, #27) dropped -2%, but continues to post a strong +49% annual gain, while Turners Automotive Group Limited (TRA, #34) eased -1%, still holding a +47% year-on-year increase.
Fletcher Building
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.1% | -1.7% | -6.8% | -7.3% | +5.3% |
| NZ Top 10 ETF (TNZ) | -0.2% | -0.4% | -2.4% | -3.4% | +5.5% |
| S/P NZX50 ETF (NZG) | -0.2% | -1.2% | -4.3% | -4.7% | +6.3% |
| NZ Dividend ETF (DIV) | -0.2% | -0.9% | -2.2% | -1.5% | +19.9% |
KEY ANNOUNCEMENTS
KMD Brands (KMD, #50) has successfully completed the retail component of its approximately $58.5 mln fully underwritten pro-rata accelerated renounceable entitlement offer. Eligible retail shareholders subscribed for around 182.6 million new shares, raising approximately $11.0 mln at an offer price of NZ$0.06 per share. The retail offer achieved a participation rate of approximately 52% of available entitlements, supporting the broader capital raise initiative.
Argosy Property (ARG, #31) has confirmed that its annual financial results for the 12 months ended 31 March will be released on Wednesday, the 20th of May.
NZX50 Consumer Goods Sector
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Click on the chart title to find more about this sector, including its components.
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