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 index is on a rebound today, rising +1.2%, although the index remained down -1.2% over the past five days and -3.0% across six months. Despite the shorter-term weakness, the benchmark stays +2.3% higher year-on-year as buying interest returns across much of the market, with 52 gainers compared to 31 decliners.
THE MAIN GAINERS
Among the gainers, Gentrack (GTK, #46) led the market higher with a strong +9% rally, trimming some of its recent losses despite remaining down -43% over six months and -63% year-on-year. Mainfreight (MFT, #8) gained +4%, although the freight operator remains down -16% across six months and -19% over the year. F&P Healthcare (FPH, #1) also advanced +4%, while Summerset Group (SUM, #20) added +3%, recovering slightly after recent weakness, though the retirement village operator remains down -41% over six months and -33% year-on-year.
Gentrack
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THE MAIN DECLINERS
On the downside, Kathmandu (KMD, #50) fell -3%, extending its sharp declines to -64% over six months and -70% year-on-year. Sanford (SAN, #35) also dropped -3%, although it remains up +11% across six months and +41% year-on-year. Tourism Holdings (THL, #44) eased -2%, while Vulcan Steel (VGL, #42) also declined -2%, extending its five-day loss to -9% and remaining down -45% year-on-year.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +1.5% | +1.1% | -5.9% | -6.6% | +0.2% |
| NZ Top 10 ETF (TNZ) | +1.6% | -0.8% | -3.0% | -4.4% | -3.0% |
| S/P NZX50 ETF (NZG) | +1.8% | -1.0% | -3.7% | -4.5% | -0.3% |
| NZ Dividend ETF (DIV) | +1.5% | 0.0% | +2.0% | +2.0% | +16.5% |
KEY ANNOUNCEMENTS
Contact Energy (CEN, #6) reported stronger April operating metrics, with mass market electricity and gas sales rising to 372GWh from 284GWh a year earlier, while contracted wholesale electricity sales increased to 898GWh and total generation climbed to 962GWh. The company also reported lower generation costs, improved inflows into the Clutha catchment at 123% of average, and healthy storage levels across both islands. Contact confirmed progress on its renewable development pipeline, including the Kōwhai Park Solar project, Te Mihi Stage 2 geothermal expansion, and the Glenbrook-Ohurua Battery project.
NZX50 Energy Sector
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Click on the chart title to find more about this sector, including its components.
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