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 NZX50 remains under pressure for Wednesday’s session, currently little-changed, extending its five-day decline to -1.4%. While the index is flat over the last month and up +6.1% year-on-year, weakness across the broader board continues to weigh on sentiment, with 55 decliners outnumbering just 30 gainers.
THE MAIN GAINERS
Fisher & Paykel Healthcare (FPH, #1) led the gainers, rising +2% and improving its one-month performance to +1%. The healthcare heavyweight remains up +1% over six months and has gained +6% year-on-year. Napier Port Holdings (NPH, #37) followed with a +1% lift, building on a strong +8% monthly gain and a solid +41% rise over the last year. Precinct Properties (PCT, #20) also gained +1%, supported by +3% month-on-month growth, although it remains down -17% over the last six months and -5% year-on-year. Fletcher Building (FBU, #14) added +1%, despite remaining under pressure with declines of -7% over the month, -12% across six months, and -12% annually.
Fisher and Paykel Healthcare
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THE MAIN DECLINERS
On the downside, Kathmandu brands (KMD, #50) led the decliners with a sharp -6% fall, extending its heavy losses to -32% over the last month, -66% over six months, and -71% year-on-year. Serko (SKO, #49) dropped -5%, despite still holding a +6% monthly gain, though the stock remains down -38% over six months and -52% year-on-year. Ryman Healthcare (RYM, #18) declined -3%, trimming some of its recent recovery as it remains down -26% over six months and -10% year-on-year. The NZX (NZX, #45) also fell -3%, with the stock down -10% over both six months and annually despite a +4% monthly gain.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.5% | -1.0% | -7.3% | -7.9% | +3.6% |
| NZ Top 10 ETF (TNZ) | -0.5% | -2.2% | -4.9% | -5.9% | +0.1% |
| S/P NZX50 ETF (NZG) | -0.2% | -1.4% | -5.4% | -5.8% | +0.1% |
| NZ Dividend ETF (DIV) | -0.4% | -0.4% | -3.5% | -1.2% | +20.1% |
KEY ANNOUNCEMENTS
Fonterra Co-op has announced interim leadership changes within its Global Ingredients division ahead of Richard Allen stepping into the Chief Executive Officer role on the 1st of May. Elisa Giusti, currently Executive Vice President Global Ingredients Growth based in Chicago, will take on the role of President Global Ingredients Growth, with responsibility for ingredients risk, pricing and optimisation, innovation, science and technology, and R&D.
ANZ has announced it will acquire Worldline S.A’s 51% shareholding in Worldline Australia Pty Ltd (ANZ Worldline), taking full ownership of the payments joint venture established in 2022. The acquisition aligns with ANZ’s 2030 strategy to strengthen its position as a leading payments and transaction bank across the region, allowing the bank to directly provide customers with a more integrated merchant and transaction banking offering. ANZ has agreed to purchase the 51% stake for an enterprise value of $89 mln, with an estimated implied equity value of approximately $30 mln.
NZX50 Food Sector
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