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 heading for an unchanged result today, currently gaining +0.1% for the day with receding momentum. The benchmark index now up +2.7% over the past five trading sessions and +3.7% over the last month. Despite remaining down -1.9% over the past six months, the index has lifted +7.0% year-on-year.
THE MAIN GAINERS
Mainfreight (MFT, #8) led the market of 38 gainers, surging +7% on the day to also sit up +7% over the past week, although the stock remains down -7% across six months and -6% year-on-year. Vista Group (VGL, #42) gained a further +3%, extending its strong recent momentum with the stock climbing +15% over five days and +39% over the last month despite remaining -25% lower over the past year. Summerset Group (SUM, #20) rose +2% for the session and is now up +3% over the week, although the retirement village operator remains down -36% across six months and -29% year-on-year. Tourism Holdings (THL, #45) also advanced +2%, with the stock lifting +2% over the past month and a strong +51% over the past year despite still being down -16% over six months.
Mainfreight
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THE MAIN DECLINERS
The group of 35 decliners were led by Kathmandu Brands (KMD, #50) who fell -3% after recent volatility, though the stock remains up +14% over the past week and +3% over the last month while still trading -55% lower over six months and down -62% year-on-year. Serko (SKO, #49) also declined -3%, leaving the stock down -1% across five days, -8% over the month and -46% lower over the past year. Contact Energy (CNU, #11) eased -2% on the day and is now down -4% for the week and -1% over the month, although shares remain up +20% year-on-year. Fletcher Building (FBU, #14) slipped -2%, trimming its recent gains with the stock still up +4% over the week and +12% across the last month, while remaining down -7% over six months.
Kathmandu
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | -1.4% | -0.7% | -6.1% | -6.9% | +0.8% |
| NZ Top 10 ETF (TNZ) | -1.1% | +1.6% | -1.9% | -2.3% | +1.7% |
| S/P NZX50 ETF (NZG) | -1.0% | +0.2% | -3.0% | -3.4% | +3.3% |
| NZ Dividend ETF (DIV) | -2.9% | -3.6% | -2.7% | -2.7% | +11.1% |
KEY ANNOUNCEMENTS
Stride Property Group (SPG, #39) reported today an FY26 profit after tax of $31.3 mln, up from $21.7 mln in FY25, while distributable profit rose +2% to $49.1 mln and distributable profit per share increased to 8.78 cents. The group highlighted continued strategic progress across its property portfolio and funds management platform, with management fee income rising +12% to $22.9 mln, portfolio occupancy sitting at 94%, and combined FY26 cash dividends maintained at 8.0 cents per share. Stride also noted key progress across its industrial and office developments, including Industrial projects in Hamilton and Auckland, alongside improved balance sheet metrics with bank LVR reducing to 34% from 39% in FY25.
Mainfreight (MFT, #8) had FY26 revenue growth of +2.8% to $5.38 bln, although net profit declined -8.5% to $251.0 mln and profit before tax fell -8.5% to $350.9 mln. The freight and logistics operator noted stronger second half trading momentum and confirmed improved conditions had continued into April and May despite disruption from the Middle East conflict and higher fuel costs. Mainfreight also highlighted continued investment across its global network, with $112 mln spent on land and buildings during the year, operating cashflows lifting to $589 mln, and a final fully imputed dividend of 87.0 cents per share declared, taking the full year dividend to 172.0 cents per share.
Fonterra Co-op has continued momentum through Q3 FY26, with total group operating profit increasing to $1.8 bln, up $103 mln on the prior corresponding period, while underlying earnings rose to 57 cents per share from 53 cents. There's more information here: Fonterra confident of growth despite geopolitical backdrop
NZX50 Property Sector
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