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 trading towards a healthy lift, set to gain +0.4% which will leave the benchmark up +0.2% over the past five days, +3.5% over the past month, +0.7% over six months and +6.8% over the past year. Despite the positive finish, the market favoured sales, with 47 stocks declining compared with 33 gainers.
THE MAIN GAINERS
Leading the market was SkyCity Entertainment (SKC, #44), which surged +14% during the session and has now climbed +23% over the past week and +9% over the past month, although the stock remains down -34% over six months and -31% over the past year. a2 Milk (ATM, #9) gained +3%, extending its advance to +4% over five days and +8% over one month, while reducing its six-month decline to -24%. Meridian Energy (MEL, #2) rose +3% despite a -2% weekly decline, remaining up +7% over six months and +4% over the past year. Genesis Energy (GNE, #15) added +2%, building on gains of +7% over one month, +11% over six months and +16% over the past year.
SKYCITY Entertainment
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THE MAIN DECLINERS
Among the decliners, The NZX (NZX, #45) fell -3%, despite remaining up +1% over five days and +3% over one month, while sitting -7% lower over both six months and one year. Kathmandu Brands (KMD, #50) also dropped -3%, extending losses to -11% over the week and leaving the stock down -57% over six months and -54% over the past year despite a +4% monthly gain. Spark (SPK, #13) declined -2%, adding to falls of -5% over five days and -9% over one month, with the stock now down -18% over six months and -20% year-on-year. Oceania Healthcare (OCA, #42) eased -2%, contributing to a -1% weekly decline and a -23% six-month fall, although the retirement village operator remains up +4% over one month and +8% over the past year.
A2 Milk
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SMARTSHARES EFTs
| 1-day | 5-day | 6-month | YTD | 1Y | |
| NZ Top 50 ETF (FNZ) | +0.3% | +0.4% | -3.4% | -5.5% | +2.8% |
| NZ Top 10 ETF (TNZ) | +0.5% | +0.1% | +1.0% | -0.5% | +3.1% |
| S/P NZX50 ETF (NZG) | +0.8% | +0.04% | -0.5% | -1.9% | +4.4% |
| NZ Dividend ETF (DIV) | +0.6% | -0.7% | +0.2% | -1.3% | +12.7% |
KEY ANNOUNCEMENTS
SkyCity Entertainment (SKC, #44) has reached an in-principle agreement with South Australian regulators to resolve all outstanding matters arising from the Adelaide Casino Independent Review and Brian Martin Report. Under the proposed settlement, SkyCity Adelaide will pay a total fine of A$21 mln in three instalments over two years and implement a range of governance, compliance and operational reforms, including an independent Adelaide board, locally accountable leadership and enhanced compliance oversight. The agreement is expected to be formalised through a binding settlement deed and represents a significant step in resolving the regulatory issues that have affected the Adelaide Casino in recent years.
Stride Investment Management (NSI) and Stride Property (SPG, #39) have announced that director Michelle Tierney will retire from both Boards following the companies' Annual Shareholders Meetings on the 8th of July. Tierney has served as a director since July 2014 and was recognised by Chair David Green for her contribution to Stride's growth into a listed property fund manager and investor overseeing $3.3 bln in assets. Following her retirement, both Boards will continue to be comprised entirely of independent non-executive directors.
2 Cheap Cars (2CC) has reported a strong start to FY27, with unaudited net profit after tax of approximately $0.6 mln recorded in both April and May, matching the profit achieved in March 2026. The company said trading momentum has continued from the second half of FY26, supported by improved vehicle margins, favourable procurement conditions, strong finance and insurance performance and disciplined cost control. While the Board described recent trading as encouraging, it noted the period is relatively short and has not provided earnings guidance for FY27 at this stage.
NZX50 Property Sector
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