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 is set to close the final session of the trading week lower, declining -0.5%, although the benchmark remains up +1.3% over the last five days. Market performance has softened over the medium term, with the index down -0.4% over the past month and -3.1% across six months, while still holding a +5.9% gain year-on-year.
THE MAIN GAINERS
There were 36 gainers across the market, led by Turners Automotive (TRA, #34), which rose +3%, extending its strong longer-term momentum with gains of +17% over six months and +53% year-on-year. Sky Network Television (SKT, #47) gained +2%, continuing to recover with a +29% year-on-year rise despite remaining down -11% over six months. Tourism Holdings (THL, #45) also climbed +2%, maintaining strong annual growth of +58% year-on-year, while Vista Group (VGL, #46) added +2%, building on a sharp +13% rise over the last five days and +23% over the month.
Turners
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THE MAIN DECLINERS
On the downside, 43 decliners weighed on the market. a2 Milk (ATM, #7) fell -2%, extending recent weakness with declines of -8% over the last five days and -29% over the month. Ryman Healthcare (RYM, #18) also dropped -2%, although the stock remains up +2% over the last month despite being down -25% across six months. Fletcher Building (FBU, #14) eased -2%, continuing softer performance with declines of -19% over six months and -14% year-on-year. Port of Tauranga (POT, #9) slipped -2%, though it retains stronger medium and longer-term momentum with gains of +8% over six months and +27% year-on-year.
A2 Milk
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -0.2% | +1.1% | -5.2% | -4.9% | +3.4% |
| NZ Top 10 ETF (TNZ) | -1.1% | +2.2% | -3.4% | -2.0% | +0.5% |
| S/P NZX50 ETF (NZG) | -0.3% | +1.4% | -4.2% | -2.4% | +3.5% |
| NZ Dividend ETF (DIV) | -0.1% | +0.8% | -0.3% | +2.0% | +18.9% |
KEY ANNOUNCEMENTS
Fletcher Building (FBU, #14) has announced that its Laminex AU business has entered into a conditional agreement to sell its Cheltenham, Melbourne property to Forza Capital for A$53.8 mln, with completion expected by the end of FY26 subject to environmental due diligence and governance approvals. Laminex AU will continue occupying the site for at least three years while it reviews its future manufacturing footprint, and Fletcher Building expects the transaction to deliver an estimated gain on sale of approximately A$14 mln to FY26 EBIT, net of associated costs.
Precinct Properties (PCT, #20) has declared a FY26 third-quarter cash dividend of 1.497500 cents per share with no imputation credits attached, while Precinct Properties Investments Limited announced a dividend of 0.217104 cents per share, comprising 0.190000 cents in cash, 0.018644 cents in imputation credits, and a supplementary dividend of 0.008460 cents per share.
NZX50 Industrial Sector
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