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 currently trading higher, rising +0.4% as investors pushed the benchmark index further into positive territory for the day. Despite the gain, the index remains down -0.6% over the past five trading days and -0.9% over the past month, while sitting -2.7% lower over six months. On a longer-term basis, the NZX50 continues to post a positive return of +4.4% over the past year.
THE MAIN GAINERS
A total of 41 stocks advanced during the session, led by Vulcan Steel (VSL, #31), which climbed +5.0%, extending its five-day gain to +3.0% and maintaining a positive one-month return of +1.0%, although the stock remains down -20.0% over six months and -8.0% over the past year. Vista Group (VGL, #40) gained +3.0%, despite being down -4.0% over five days and -14.0% over six months, while remaining +2.0% higher over the past month. SkyCity Entertainment (SKC, #42) added +3.0%, although the stock remains down -21.0% over one month, -40.0% over six months and -46.0% over the past year. Auckland Airport (AIA, #4) also rose +3.0%, building on gains of +2.0% over five days, +1.0% over one month, +3.0% over six months and +6.0% over the past year.
Vulcan Steel Limited
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THE MAIN DECLINERS
Decliners totalled 38 stocks, with Spark (SPK, #13) leading the losses after falling -2.0%, extending declines to -12.0% over one month and -18.0% over both six months and one year. Serko (SKO, #49) also dropped -2.0%, with the stock now down -10.0% over five days, -9.0% over one month and -49.0% over both six months and the past year. A2 Milk (ATM, #10) slipped -2.0%, adding to losses of -3.0% over five days, -20.0% over one month, -37.0% over six months and -26.0% over the past year. Genesis Energy (GNE, #16) eased -1.0%, although the company remains up +2.0% over one month, +7.0% over six months and +12.0% over the past year despite recent weakness.
Vista Group
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.3% | -0.3% | -6.4% | -7.9% | +0.2% |
| NZ Top 10 ETF (TNZ) | 0.0% | -0.3% | -2.8% | -3.8% | +0.2% |
| S/P NZX50 ETF (NZG) | +0.9% | -0.2% | -3.7% | -4.4% | +1.8% |
| NZ Dividend ETF (DIV) | +0.5% | -1.0% | -2.1% | -2.9% | +11.9% |
KEY ANNOUNCEMENTS
Scott Technology (SCT) has secured more than NZ$12 mln in new Materials Handling & Logistics contracts across Europe and North America, including projects with Dutch vegetable processor Bakker, a frozen potato processing facility in Canada and a major poultry processor within the JBS Group in the United States. The contracts support Scott’s Destination 2030 growth strategy, which targets revenue of $530 mln by 2030 through expanding customer relationships, international market penetration and automation solutions across food processing industries. The announcement follows strong first-half performance from the Materials Handling & Logistics division, which delivered revenue growth of +21% to $65 mln and increased net margins to 26%.
NZX50 Technology Sector
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