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 currently has a strong uplift today, rising +1.1% to build on recent momentum, with gains of +3.2% over the past five days and +0.8% over the last month. Despite this short-term strength, the index remains down -3.0% over six months, while still holding a solid +6.1% gain year-on-year.
THE MAIN GAINERS
There were 35 gainers across the market, led by Infratil (IFT, #4), which surged +12% on the day, extending a sharp rally with gains of +17% over five days, +24% over the last month, and +24% year-on-year. Serko (SKO, #49) climbed +2%, although it remains under pressure longer term, down -32% over six months and -52% year-on-year. Vista Group (VGL, #46) also gained +2%, continuing its recent recovery with +7% over five days and +14% over the month, despite still being down -27% over six months and -41% year-on-year. Tower (TWR, #39) added +1%, showing consistent strength with +4% over five days, +7% over the month, and a notable +51% gain year-on-year.
Infratil
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THE MAIN DECLINERS
On the downside, 40 decliners limited broader market strength. Gentrack (GTK, #40) led losses, falling -6%, extending a steep decline of -38% over five days, -43% over the month, and -70% year-on-year. a2 Milk (ATM, #7) dropped -4%, continuing its weak run with declines of -10% over five days and -30% over the month, leaving it down -12% year-on-year. SkyCity Entertainment (SKC, #37) eased -3%, with ongoing softness reflected in declines of -18% over six months and -39% year-on-year. KMD Brands (KMD, #50) slipped -2%, remaining under significant pressure with losses of -64% over six months and -70% year-on-year.
Gentrack
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.8% | +3.8% | -5.3% | -5.3% | +3.9% |
| NZ Top 10 ETF (TNZ) | +1.0% | +4.4% | -2.9% | -2.5% | 0.0% |
| S/P NZX50 ETF (NZG) | +1.1% | +4.0% | -3.9% | -2.9% | +3.5% |
| NZ Dividend ETF (DIV) | 0.0% | +3.9% | -1.5% | +1.5% | +20.2% |
KEY ANNOUNCEMENTS
Gentrack (GTK, #40) has announced it will host a webinar for investors and analysts on the 7th of May at 10:00am NZST (8:00am AEST), where Chief Executive Gary Miles and Chief Financial Officer John Priggen will discuss the company’s recent market update.
CDC Data Centres (CDC), a key asset within Infratil’s (IFT, #4) portfolio, has secured the largest data centre contract in Australian history, a 555MW, 30-year agreement with a United States investment-grade customer, including extension options of up to 20 years, with capacity to be delivered across existing campuses coming online in FY28-FY29, lifting total contracted capacity to over 1GW and expected to generate EBITDAF exceeding A$1 bln by FY28 and approximately $2 bln annually when fully deployed, while FY27 guidance remains unchanged and capital expenditure is forecast at A$3.8 bln to A$4.2 bln as the company funds expansion through existing liquidity, debt facilities, and strong credit market access.
NZX50 Technology Sector
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