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 starts the new trading week on a constructive note, advancing just +0.1% as buyers struggled to maintain the momentum generated over the recent sessions. The index has now gained +2.8% over the past five trading days and +3.5% over the last month, but little-changed over six months at +0.1%. On a 12-month basis, the index remains firmly ahead, delivering a return of +5.7%.
THE MAIN GAINERS
Market breadth was firmly positive, with 50 stocks finishing higher. Air New Zealand (AIR, #23) set the pace with a +6% jump, building on an +11% gain over the past month and trimming its six-month and one-year declines to -25%. SkyCity Entertainment (SKC, #41) rallied +5%, adding to a +2% five-day gain, although the stock remains down -16% over one month, -41% over six months and -42% over the past year. Serko (SKO, #49) also climbed +5%, extending its five-day advance to +9% and its one-month gain to +14%, while reducing its annual decline to -42%. Summerset Group (SUM, #19) matched the move, rising +5% and strengthening its one-month performance to +19%, while recording a +6% gain over five days despite remaining down -31% over six months.
Air New Zealand
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THE MAIN DECLINERS
Only 24 stocks ended lower, with Oceania Healthcare (OCA, #42) the weakest among the highlighted decliners, falling -2%. Despite the decline, the stock remains up +7% over one month and +21% over the past year, although it is still down -22% over six months. Meridian Energy (MEL, #2) also slipped -2%, easing after a +2% gain over five days and remaining up +7% over six months. Fisher & Paykel Healthcare (FPH, #1) edged down -1%, though the healthcare heavyweight continues to hold gains of +19% over one month and +3% over both six months and the past year. Contact Energy (CEN, #6) fell -1%, adding to a -2% five-day decline and a -4% one-month retreat, while remaining up +2% over six months and +4% over the past year.
Oceania Healthcare
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.8% | +2.4% | -3.5% | -5.2% | +2.3% |
| NZ Top 10 ETF (TNZ) | -0.1% | +1.8% | +0.6% | -0.9% | +1.6% |
| S/P NZX50 ETF (NZG) | +0.2% | +1.9% | -1.2% | -1.9% | +3.2% |
| NZ Dividend ETF (DIV) | +0.1% | +2.2% | +0.9% | -0.7% | +12.4% |
KEY ANNOUNCEMENTS
Oceania Healthcare (OCA, #42) has announced it is considering a six-year secured, fixed-rate bond offer to institutional and New Zealand retail investors, with full details expected to be released in the week commencing 22 June. The proposed bonds would rank as secured, unsubordinated debt and are expected to be quoted on the NZX Debt Market. Oceania has appointed ANZ as arranger, alongside ANZ, BNZ, Craigs Investment Partners and Forsyth Barr as joint lead managers, as the retirement village operator explores additional funding options to support its capital management and growth objectives.
Contact Energy (CEN, #6) has advised that it will release its financial results for the year ended 30 June before the market opens on the 10th of August. The announcement provides investors with the expected timing of the company's full-year earnings release, which will include an update on financial performance, operating results and outlook for the business.
Auckland International Airport (AIA, #4) reported total international passenger movements of 746,000 in May 2026, down -2% from the same month last year, as international seat capacity fell -4%, lifting average load factors to 82%. Growth in Chinese (+10%) and Australian (+3%) travellers partially offset declines in New Zealand, US and UK passenger volumes. Domestic passenger numbers were broadly unchanged year-on-year, supported by a +3% increase in trunk route travel, while regional passenger volumes declined -8%. Meanwhile, Queenstown Airport continued to show strength, with international passenger numbers rising +3% and domestic passenger numbers increasing +9% compared with May 2025.
Heartland Group Holdings (HGH, #25) has confirmed progress on its proposed acquisition of TSB Bank, advising that initial conditions for the transaction have now been satisfied following completion of confirmatory due diligence by both Heartland and the Toi Foundation. A Warranty and Indemnity deed was executed on the 14th of June, alongside the procurement of W&I insurance for both parties. The proposed merger of Heartland Bank and TSB remains on track for completion in December, subject to remaining approvals including community consultation, trustee and shareholder approvals, and regulatory clearances in New Zealand and Australia.
NZX50 Healthcare Sector
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