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 slip a minor -0.1%. Despite the decline, the benchmark remains up +4.9% over the past month, +1.0% over six months and +5.9% over the past year. The market still favoured buyers, with 40 stocks advancing compared with 35 decliners.
THE MAIN GAINERS
Among the gainers, Vista Group (VGL, #43) led the market higher with a +5% gain, extending its advance to +9% over five days and +18% over the past month, although the stock remains down -6% over six months and -29% over the past year. SkyCity (SKC, #44) continued its recent recovery, rising +3% on the day and +15% over the past week, while holding a +1% one-month gain despite remaining down -35% over both six months and one year. Freightways (FRW, #17) also gained +3%, adding to a +5% monthly increase and +23% annual return, while Hallenstein Glassons (HLG, #40) climbed +2%, contributing to gains of +4% over six months and +24% over the past year despite softer short-term performance.
Vista Group
Select chart tabs
THE MAIN DECLINERS
On the downside, Auckland International Airport (AIA, #4) led the decliners with a -2% fall, although the stock remains up +3% over both five days and one month, alongside a +7% gain over the past year. Mainfreight (MFT, #7) eased -1%, extending its five-day decline to -4%, despite remaining up +18% over one month while sitting -7% lower over both six months and one year. Kathmandu Brands (KMD, #50) dropped -1%, adding to a -7% weekly decline, though the stock remains up +27% over one month despite being down -53% over six months and -58% over the past year. Air New Zealand (AIR, #23) also slipped -1%, with the airline still holding gains of +6% over five days and +11% over one month, while remaining down -22% over six months and -23% year-on-year.
Auckland International Airport
Select chart tabs
SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.5% | +0.4% | -3.1% | -5.5% | +2.4% |
| NZ Top 10 ETF (TNZ) | -0.3% | -0.2% | +2.3% | -0.8% | +2.3% |
| S/P NZX50 ETF (NZG) | +0.3% | -0.1% | +0.2% | -2.1% | +3.8% |
| NZ Dividend ETF (DIV) | +0.9% | -0.2% | +0.8% | -0.8% | +13.3% |
KEY ANNOUNCEMENTS
The NZX has accredited CMC Markets as a Trading and Advising Participant, Clearing Participant, Depository Participant and Legal Title Transfer Depository Participant on the NZX Cash Market. The accreditation will enable CMC Markets, a global online trading provider operating in more than 150 countries, to offer retail and institutional clients direct access to New Zealand-listed securities. NZX said the addition of CMC Markets is expected to support greater market participation and liquidity, while CMC noted the accreditation represents an important step in expanding its New Zealand presence and investment services offering. CMC Markets is expected to commence as an NZX Cash Market Participant in July.
Vista Group (VGL, #43) has confirmed it will release its financial results for the six months ended 30 June on the 3rd of August. The announcement provides investors with the timing of the company's interim earnings update, which is expected to include details on operating performance and business progress during the first half of the year.
Air New Zealand (AIR, #23) reported a relatively stable operating performance in May, with group capacity down -0.1% compared with the same period last year. Domestic capacity increased +2.9% and international short-haul capacity rose +1.6%, supported by additional A321 aircraft entering service, while international long-haul capacity declined -1.3%. The airline said capacity was selectively reduced following the sharp increase in jet fuel prices linked to the Middle East conflict, although most routes continued to operate at or above prior-year levels. Year-to-date underlying revenue per available seat kilometre (RASK) improved +2.7%, with long-haul RASK up +5.9% as resilient demand offset ongoing Boeing 787 aircraft availability constraints.
Infratil (IFT, #3) has appointed Tiffany Fuller and Brad Banducci to its Board as part of a planned succession process. Fuller brings experience as a director across several listed Australian companies, while Banducci is the former CEO of Woolworths Group with extensive leadership experience. Banducci will join the Board from 1 July 2026 and Fuller from 19 August 2026, with both to stand for election at upcoming annual meetings. The company also confirmed that director Peter Springford will retire at the 2026 Annual Meeting but will remain as an adviser until the end of the year.
NZX50 Technology Sector
Select chart tabs
Click on the chart title to find more about this sector, including its components.
We welcome your comments below. If you are not already registered, please register to comment
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.